Thu 05/19/2022 06:41 AM
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Jinke Property is proposing to extend the principal payment of its RMB 1.25 billion ($184.1 million) corporate bond putable May 28 “20 Jinke 03” for 15 months, with 5%, 10%, 10%, 35% and 40% principal payment each quarter, respectively, according to two sources familiar with the matter.

The company plans to repay the interest payment at maturity and use its 70% stake in a Tianjin project as collateral for the bond, according to the same sources.

The company notified certain
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