Understanding the Market | KAISA GROUP's intraday increase exceeds 25% as the company announces that all conditions for overseas debt restructuring have been met

Zhitong
2025.09.16 02:25
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KAISA GROUP's intraday increase exceeded 25%. As of the time of writing, it rose 25% to HKD 0.2, with a trading volume of HKD 7.3209 million. On the news front, on September 15th, according to KAISA GROUP's official WeChat account, the company announced that all conditions for its offshore debt restructuring have been met, and the restructuring plan has come into full effect. It is reported that KAISA GROUP has issued a total of approximately USD 13.372 billion in 6 new notes and 8 mandatory convertible bonds to qualified creditors according to the restructuring plan, accommodating different terms and yield options, with the mandatory convertible bonds providing creditors with the opportunity to convert into shares in the future. The new notes and mandatory convertible bonds are expected to be listed on the Singapore Exchange on September 16th. KAISA GROUP stated that after the restructuring plan takes effect, it will achieve a debt reduction of approximately USD 8.6 billion, with an average debt maturity extension of 5 years, and the company will have no rigid repayment pressure before the end of 2027. After the successful restructuring, the coupon rate of the new notes will be between 5% and 6.25%, which is lower than the historical debt rates, marking significant substantive progress in the long-term debt risk resolution efforts, laying a solid foundation for the company's sustainable operation and stable development

According to Zhitong Finance APP, KAISA GROUP (01638) rose over 25% during the session, and as of the time of writing, it is up 25%, priced at HKD 0.2, with a transaction volume of HKD 7.3209 million.

On the news front, on September 15, according to KAISA GROUP's official WeChat account, the company announced that all conditions for its offshore debt restructuring have been met, and the restructuring plan has come into full effect. It is reported that KAISA GROUP has issued a total of approximately USD 13.372 billion in 6 new notes and 8 mandatory convertible bonds to qualified creditors according to the restructuring plan, accommodating different terms and yield options, with the mandatory convertible bonds providing creditors with the opportunity to convert into shares in the future. The new notes and mandatory convertible bonds are expected to be listed on the Singapore Exchange on September 16.

KAISA GROUP stated that after the restructuring plan takes effect, it will achieve a debt reduction of approximately USD 8.6 billion, with an average extension of the debt term by 5 years, and the company will have no rigid repayment pressure before the end of 2027. After the successful restructuring, the coupon rate of the new notes will range between 5% and 6.25%, which is lower than the historical debt rates, marking significant substantive progress in the resolution of debt risks that have persisted for many years, laying a solid foundation for the company's sustainable operation and stable development

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