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Sunac China Wipes Out US$9.6 Billion Offshore Debt With Completion of Holistic Restructuring

Story Highlights
  • Sunac China has completed its holistic offshore debt restructuring, discharging about US$9.6 billion in existing debt through issuing mandatory convertible bonds to scheme creditors.
  • The restructuring strengthens Sunac’s capital structure and, alongside new shareholding and employee ownership plans, is intended to restore confidence and support recovery in its real estate operations and credit profile.
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Sunac China Wipes Out US$9.6 Billion Offshore Debt With Completion of Holistic Restructuring

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Sunac China Holdings ( (HK:1918) ) has issued an announcement.

Sunac China Holdings has completed its holistic offshore debt restructuring, with all conditions precedent satisfied and the restructuring becoming effective on 23 December 2025. Approximately US$9.6 billion of existing offshore debt has been fully discharged and released in exchange for the issuance of two series of mandatory convertible bonds (MCB 1 and MCB 2) to scheme creditors, with a total principal amount of about US$9.66 billion, and the instruments are expected to be listed on the Singapore Exchange. The company stated that the restructuring has comprehensively addressed its offshore debt risks and established a more sustainable capital structure, while the adoption of a shareholding structure stability arrangement and an employee share ownership plan is aimed at reinforcing stakeholder confidence, supporting the resolution of onshore project debt risks, asset revitalization and the gradual recovery of the group’s long-term credit profile and real estate development operations.

The most recent analyst rating on (HK:1918) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sunac China Holdings stock, see the HK:1918 Stock Forecast page.

More about Sunac China Holdings

Sunac China Holdings is a major Chinese property developer, focused on real estate development projects across mainland China. Listed in Hong Kong, the group’s core business centers on residential and mixed-use projects, and it has been working to stabilize its capital structure amid the broader challenges facing China’s real estate sector.

Average Trading Volume: 136,313,917

Technical Sentiment Signal: Sell

Current Market Cap: HK$15.03B

Find detailed analytics on 1918 stock on TipRanks’ Stock Analysis page.

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