ASIA-PACIFIC

摘要

Kaisa croup holdings said holders of 58% of the principal amount of its offshore bonds and loans had supported the company's restructuring agreement, which needed minimum backing of 75%. Kaisa has now extended the deadline to April 14 from February 14 for creditors to consent to the restructuring scheme. "From beginning of February till now, Kaisa has only obtained an additional 5% of consent, and we consider the consent threshold challenging, as Farallon and BFAM are holding out and other investors are expecting a sweetener," wrote Chuanyi Zhou, credit analyst at Lucror Analytics.