Chinese developer Sunac reaches deal with key creditors on offshore debt revamp plan

Quick Summary:

Two groups of creditors, holding about 26 per cent of Sunac’s existing debt, could choose to receive two types of mandatory convertible bonds.

These shares are intended to help stabilise the company’s shareholding structure and cannot be sold for six years.

Creditors could also opt for a combination of the two bonds, with the proportion of MCB 2 capped at 25 per cent.

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Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets: Hong KongChina

Topics: Support Bonds Cent Restructuring Agreement Creditors Us$1 Debt Shares Sunac Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-18 @ 13:00:57 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 232 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27972605

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