Nation Backyard lenders’ group hires advisers for debt revamp talks
Enterprise & Finance
05 March 2024, 12:58 pm 1 minute
Reuters completely reported {that a} group of lenders to China’s Nation Backyard has employed Allen & Overy and Deloitte as advisers as collectors to the embattled developer gear up for doable debt restructuring talks.
Market Impression
Nation Backyard’s debt revamp course of began in current weeks with the hiring of advisers by the developer and a so-called ad-hoc offshore bondholders’ group, after it missed a $15 million bond coupon reimbursement final October.
Article Tags
Matters of Curiosity: Enterprise & Finance
Kind: Reuters Greatest
Sectors: Actual Property
Areas: Asia
Nations: China
Win Sorts: Exclusivity
Story Sorts: Unique / Scoop
Media Sorts: Textual content
Buyer Impression: Important Nationwide Story
