YUZHOU GROUP completes approximately USD 6.7 billion offshore debt restructuring
On August 31, according to YUZHOU GROUP, the conditions for the overseas debt restructuring have been met and officially come into effect. This overseas debt restructuring involves a total claim amount of approximately USD 6.68 billion, covering types of overseas debt such as dollar notes, perpetual securities, and syndicated loans. The restructuring plan of YUZHOU has received support from overseas creditors, with an approval rate exceeding 99%, nearly 100% approval. Through this overseas debt restructuring and subsequent ongoing business stabilization measures, the company expects to reduce approximately USD 3.5 billion in overseas debt principal and interest repayment pressure
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