Tue 07/11/2023 07:53 AM
UPDATE 2: 7:54 a.m. ET 7/11/2023: Yuzhou Group recently discussed with investors preliminary plans to resolve its offshore debt, presenting options of writing off a certain amount of the principal, extending debt for eight to 10 years or some form of debt-to-equity swap, two sources familiar with the matter said.
The company presented the proposed plan to offshore creditors including an ad hoc group of USD bondholders, according to the sources. The AHG has not agreed to the potential...
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