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

 

(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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