After the first debt defaults of Chinese housing enterprises Sunac, China, China, China, on Monday (November 20) that the overseas debt was successfully reorganized, which resolved about 90 billion yuan (RMB, about 17.2 billion yuan).Debt risk.
According to the surging news report, Sunac China issued an announcement on Monday night that the company's overseas debt reorganization conditions have been met and officially took effect from the same day.This means that Sunac became the first large -scale real estate company to complete all the processes of domestic and foreign debt restructuring.
It is reported that the scale of Sunac China's overseas debt is about $ 10 billion (about $ 1.34). These existing debt will be selected according to the creditor's selection to the newly listed US dollar listing US dollar.Bills, compulsory convertible bonds, convertible bonds and Sunac service equity, respectively, $ 5.7 billion, US $ 2.75 billion, $ 1 billion, and US $ 775 million, to complete bonds.
The above three products are expected to be listed on the New Stock Exchange on November 21.
Affected by the favorable news, on November 20, Sunac China's increase rapidly expanded to 10%.As of the close of the day, Sunac's stock price reported at HK $ 2.330/share (about S $ 0.4 per share), an increase of 5.91%.
Sunac China announced in May last year that it was announced by overseas debt defaults, and then opened the debt restructuring process for 18 months. It rescued by using shareholders' loan, equity financing, and asset sales.
