Chinese property developer Kaisa in talks with bondholders amid default threat

Chinese property developer Kaisa in talks with bondholders amid default threat

Photo: A construction site by Chinese property developer Kaisa Group is seen at an area of downtown Shanghai, February 17, 2015. REUTERS/Carlos Barria

Chinese property developer Kaisa Group Holdings Ltd has begun talks with some of its offshore bondholders over extending the deadline for a $400 million debt repayment due next week, two sources with direct knowledge of the matter said.

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