Zhenro Properties seeks waivers from bondholders’ claims ahead of US$200 million note redemption day

Feb 19, 2022 | INVESTING

Zhenro Properties has asked holders of its US$200 million perpetual note to forgive any potential default that could arise from its failure to redeem the securities due in March, citing short-term funding issues amid a market downturn.The Shanghai-based developer said the lack of capital market funding and bank loans to property developers since the second half of last year have caused liquidity pressure that could make it unable to redeem the notes due on March 5, according to a filing to the…

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