China’s Kaisa offer to extend maturity on $400 mln offshore bond lapses

An indication of the Kaisa Plaza, an actual property property developed by Kaisa Group Holdings, is seen close to its residence constructing in Beijing, China December 1, 2021. REUTERS/Tingshu Wang

Dec 3 (Reuters) – China’s Kaisa Group Holdings Ltd (1638.HK) on Thursday mentioned its supply to increase the maturity of a $400 million bond has lapsed after it didn’t obtain the minimal 95% approval from the bondholders.

(This story was refiled to repair typo in headline, dateline)

Reporting by Sameer Manekar in Bengaluru, Enhancing by Rosalba O’Brien

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