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China Energy revised debt restructuring plan to be released July 30
Chicago, July 8 – China Energy Reserve and Chemicals Group International Co. Ltd. extended the date that the further revised restructuring proposal will be released to July 30, from June 30, according to a notice.
Interest and principal payments on the $265 million 6¼% guaranteed bonds due 2019 (ISIN: XS1524892939) remain suspended until further notice.
Bondholders should also be advised that a one-hour call-over hearing of the 2022 bonds garnishee application, the setting aside application and the joinder application is now fixed for Nov. 22.
The substantive hearing of the 2022 bonds garnishee application, the setting aside application and the joinder applications is fixed for Jan. 4, 2022.
The hearings are open to the public. Any bondholder who wishes to express a view should seek independent legal advice.
The energy development company is based in Beijing.
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