Thu 12/02/2021 04:53 AM
Sunac China plans to use its internal cash onshore including proceeds from contracted sales and share placement to repay a total of $620 million offshore private bonds maturing by the end of December, according to a buyside source briefed on the matter and a source with direct knowledge.
The Hong Kong-listed property developer is expected to complete transferring the funds from onshore to offshore in mid-December for the repayment.
Sunac China earlier raised HKD 7.343 billion ($942.5...
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