Kaisa given respite but is still in the doghouse

Kaisa handed waiver by HSBC on loan breach but investor confidence stays shaken as it fails to make bonds coupon payment.

Denise Wee Chien Mi Wong

January 13, 2015

Chinese property developer Kaisa has been handed some respite after it emerged lender HSBC waived a breach on its loan, averting a potential cross default on its offshore bonds.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Debt
Disruption
North Asia

#kaisa
#bonds
#loans
#restructuring
#property