As the first leading real estate enterprise to complete the restructuring process of domestic and offshore debt, Sunac's debt risk has been phased out at both legal and financial levels.
On the evening of December 23, Sunac China announced that all prerequisites for the comprehensive offshore debt restructuring have been met, and the restructuring's effective date has been set for December 23, 2025. The announcement disclosed that approximately $9.6 billion of the company's existing debt has been fully discharged and waived. As a cost, Sunac China will issue Mandatory Convertible Bonds 1 and Mandatory Convertible Bonds 2 to the plan creditors on the restructuring's effective date according to the plan terms.
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As the first leading real estate enterprise to complete the restructuring process of domestic and offshore debt, Sunac's debt risk has been phased out at both legal and financial levels.
On the evening of December 23, Sunac China announced that all prerequisites for the comprehensive offshore debt restructuring have been met, and the restructuring's effective date has been set for December 23, 2025. The announcement disclosed that approximately $9.6 billion of the company's existing debt has been fully discharged and waived. As a cost, Sunac China will issue Mandatory Convertible Bonds 1 and Mandatory Convertible Bonds 2 to the plan creditors on the restructuring's effective date according to the plan terms.