This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
CFLD Reports Total Overdue Debt of $3bn, Almost Double of What Was Reported in Feb
March 10, 2021
Distressed Chinese property developer China Fortune Land Development (CFLD) reported debt overdue of CNY 19.4bn ($2.98bn) including bank loans, trust loans and bonds. The number is almost double that of CNY 11.1bn ($1.7bn) that they reported on February 26. CFLD is coordinating with financial and legal institutions on rolling over their debt, asking for an extension on their local CNY 2.8bn ($430mn) 7.4% bond that matured yesterday, March 9. As per Bloomberg, in a filing with the exchange’s private bond information disclosure platform, CFLD said that they will communicate with relevant parties such as the trustee and creditor committee to arrange debt repayment after making specific plan.
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.