Kaisa Moves Closer to Discussing Financing With Chinese Developer's Bondholders
- NDAs would allow new discussions around financing options
- Fitch Ratings cut Kaisa to restricted default on Thursday
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An advisor to a group of Kaisa Group Holdings Ltd. bondholders is close to signing non-disclosure agreements with the developer in a move that would pave the way for discussions around a potential financing deal for the beleaguered firm, according to people with knowledge of the matter.
The creditor group is being advised by Lazard Ltd. An announcement about the agreements could come as early as Thursday morning in Hong Kong, one of the people said. Lazard is seeking more bondholders to join the group.