In its statement to the stock exchange, Kaisa – which has hired California-based investment banking firm Houlihan Lokey to advise on its debt restructuring – told investors not to expect full payment.Offshore bond holders are last in line.
“Whether the Group meets upcoming payments under its existing debt obligations will be based on an assessment of the overall financial condition of the Group and lenders and bondholders should not expect payments of principal and interest according to existing terms.”
Australian consumers are on life support
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The situation facing working Australian households is bleak. Australian
real per capita household incomes collapsed by 6.0% in 2023, the sharpest
decline...
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