China's Kaisa Group to issue US dollar-denominated mandatory convertible bonds, senior notes-February 2024-www.financetom.com

China's Kaisa Group to issue US dollar-denominated mandatory convertible bonds, senior notes

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China's Kaisa Group to issue US dollar-denominated mandatory convertible bonds, senior notes

Nov 29, 2024 5:58 AM

(Reuters) - China-based property developer Kaisa Group said on Friday it would issue a combination of U.S. dollar-denominated senior notes and mandatory convertible bonds to creditors as part of its efforts to restructure $12.27 billion of outstanding debt.

(Reporting by Roshan Thomas in Bengaluru; Editing by Shinjini Ganguli)

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