HNA Group’s creditors have sought an overall CNY 1.2tn ($187bn) of debt claims against the company as per sources. HNA Group’s reorganization administrators have recognized ~CNY 406bn ($63.4bn) of debt claims so far, as per attendees of the firm’s first creditors meeting since HNA and affiliates entered court-led restructuring. The administrators have rejected ~ CNY 354bn ($55.3bn) of claims, the sources said. Attendees to the meeting said that HNA and its units are in talks with several strategic investors regarding aviation and property development assets with very little interest so far for HNA’s financial- leasing and shipping operations.
HNA’s 6.25% 2021s were at 21.6 cents on the dollar.