Mon 10/18/2021 06:41 AM
Xinyuan Real Estate has approached investment banks in London and Hong Kong for a loan potentially using its 50% equity interest in a residential building in London as security, said two sources familiar with the matter.
The New York-listed China-based property developer, which successfully completed a last-minute distressed exchange last week for its maturing $229 million 14.2% notes due Oct. 15, acquired a 50% stake in Madison Developments Limited in 2018, which is the developer of a...
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