Thu 12/30/2021 04:17 AM
Shimao Group’s onshore subsidiary Shanghai Shimao is trying to persuade holders of its RMB 500 million ($78.5 million) 4.5% private placement notes putable Jan. 19, 2022 “20 Shanghai Shimao PPN001” not to exercise their put options, according to two sources familiar with the matter.
The registration window for the put is between Dec. 29 and Jan. 5 while the company has proposed to raise the bonds’ coupon rate to 6.5%.
Meanwhile, Shanghai Shimao has started transferring funds in...
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