Kaisa Group Holdings completes offshore debt restructuring

Kaisa Group Holdings Ltd. announced that the restructuring effective date for its offshore debt restructuring occurred on September 15, 2025. This move fully discharges claims against the obligors in exchange for new securities. As part of the restructuring consideration, the company issued new notes and MCBs totalling $13.37bn.

The new notes comprise six tranches with a total principal amount of $6.69bn, while the MCBs consist of eight tranches also totalling $6.69bn. Both the new notes and MCBs are expected to be listed on SGX on September 16, 2025.

In conjunction with the restructuring, various outstanding senior notes and perpetual capital securities are in the process of being cancelled. The bar time for scheme creditors to submit required documentation is March 2, 2026, with the holding period distribution date set for March 16, 2026.