Wed 10/11/2023 05:00 AM
Hong Kong-listed developer China SCE Group has told investors it has begun searching for a financial advisor with a view to assist it on a potential holistic restructuring for its offshore debt, after failing in September to roll over an offshore syndicated loan, three sources familiar with the matter said.
China SCE said in an Oct. 4
announcement that it had missed payment on $61 million of principal and interest due under a syndicated loan agreement entered into on March 22, 2021. The...
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