Sunac China Launches Offshore Debt Restructuring with $9.7 Billion Mandatory Convertible Bonds
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Sunac China Holdings Limited has announced an offshore debt restructuring plan involving the issuance of $7.26 billion zero coupon mandatory convertible bonds due 2026 and $2.4 billion due 2028. This move is part of a broader strategy to manage its financial obligations. Additionally, Sunac Real Estate Group Co., Ltd. is restructuring certain onshore debt instruments, with onshore indebtedness for subsidiaries at approximately RMB207.6 billion as of June 2025.
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