03 Jan Distressed Chinese developer CIFI offers up new proposal hoping to slash US$7 billion offshore debt by half
Posted at 12:30h
in Asia
CIFI seeks to address its aggregate offshore indebtedness by “deleveraging the company’s consolidated balance sheet” to reduce its offshore debt to between US$3.3 billion and US$4 billion. The company also aims to design a sustainable amortisation schedule to provide a healthy capital structure, the filing...