Wed 05/11/2022 05:53 AM
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Logan Group’s onshore subsidiary Shenzhen Logan Holdings Co. has proposed to extend its RMB 828 million ($123.1 million) “Longkong 08” asset-backed securities putable May 13 for one year, by repaying 10% principal within one business day after the extension proposal is approved, then 15% monthly principal payment starting from the seventh month during the extension period, according to two sources familiar with the matter.

The company has also proposed to repay 100% of interest...
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