Thu 10/21/2021 02:35 AM
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Relevant Documents:
Excel File on Reorg Analysis Page
$250 Million 9.5% Oct. 18, 2021 Notes - OM
$250 Million 8.5% Jan. 24, 2022 Notes - OM
H1’21 Interim Report
2020 Annual Report
IPO Prospectus

 
Reorg Asia’s Highlights:
  • Sinic’s default on onshore interest payments on Sept. 18 despite an all-time high unrestricted cash balance as of June 30 suggests rapid deterioration of liquidity in recent months, assuming willingness to pay is not an issue given cross-default implications under offshore...
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