Evergrande enters restructuring support agreements with creditors
恒大与国际债权人达成重组支持协议
Deal will allow international group to exchange holdings in Chinese property developer
一个债权人小组已同意拟议的安排,即允许一些投资者将所持债券转换为新票据、以及与恒大子公司股票挂钩的工具。
Evergrande, the Chinese real estate developer whose default in 2021 set off a nationwide property crisis and shook international financial markets, has entered into restructuring support agreements with a group of its international creditors.
恒大(Evergrande)已经与一个国际债权人小组达成重组支持协议。该中国房地产开发商2021年的债务违约触发了一场全国性房地产危机,震惊了国际金融市场。
The company said in an exchange filing late on Monday that the group, which holds a significant part of the company’s more than $20bn of offshore bonds, had agreed to proposals that will allow some investors to exchange their holdings for new notes and instruments linked to equity in subsidiaries.
周一晚间,该公司在一份交易所公告中表示,这个债权人小组(持有逾200亿美元的恒大海外债券的一大部分)已同意有关提议,即允许一些投资者将所持债券转换为新票据、以及与恒大子公司股票挂钩的工具。
Monday’s agreement, which comes a year and a half after the group initially failed to make payments on its international bonds in late 2021, is a significant moment for a Chinese property sector that has struggled to regain momentum ever since.
恒大于2021年底首次未能偿付国际债券,此后中国房地产业一直难以恢复元气。时隔一年半,恒大本周一签署的协议是该行业的一个重大时刻。