Fri 09/08/2023 03:13 AM
Gemdale Group is working on potentially issuing new onshore bonds with guarantee from China Bond Insurance Co. while it is also discussing with its second largest shareholder, state-owned Shenzhen Futian Investment Development Co., for Futian’s related entity to potentially provide guarantee measures for the new bond issuance, according to three sources familiar with the matter.
The new issuance is still being discussed and might take a few months to materialize, said the sources.
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2023 Reorg Research, Inc. All rights reserved.