Tue 02/09/2021 05:28 AM
Relevant Document:Creditor Committee Agreement
Shanghai-listed, Hebei-based industrial park developer China Fortune Land Development, or CFLD, has requested bondholders to waive a cross default on its RMB 1.8 billion ($278.8 million) 5.8% medium-term notes due May 23, 2022 “17 CFLD MTN001” triggered by the disclosure that it has RMB 5.255 billion in overdue debt, said two bondholders and a source familiar with the matter.
The proposal will be discussed during a bondholders’ meeting scheduled...
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