Chinese developer Aoyuan completes offshore debt restructuring

Courts approve plan replacing dollar bonds with ones maturing in 2031

20240321N Aoyuan Group

The construction site of an office building owned by the Aoyuan group in Hong Kong in November 2021. © Reuters

NORIYUKI DOI, Nikkei staff writer

SHANGHAI -- Property developer China Aoyuan Group has completed its foreign currency debt restructuring, the company said Thursday, after receiving approval from creditors and several international courts.

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