HONG KONG (Reuters) – Embattled Sunac China’s proposal to extend its 16 billion yuan ($2.32 billion) onshore bond have been approved by investors, a source with direct knowledge said on Wednesday.
The bonds, including corporate bonds as well as asset-backed securities, will be extended for an average of 3.5 years.
Sunac declined to comment.
($1 = 6.8818 Chinese yuan renminbi)
(Reporting by Clare Jim; Editing by Andrew Heavens)
