Bondholders offer China developer Kaisa another debt recast plan

Bondholders offer China developer Kaisa another debt recast plan

Visual from the company website

A group of bondholders in debt-laden Chinese developer Kaisa Group Holding, including Farallon Capital and BFAM Partners, have drawn up a debt restructuring plan even as the company pushes ahead with its own proposal, a source close to the two funds said on Friday.

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