Chinese developer Sunac won approval to restructure around US$10bn of debt

<p>Troubled Chinese property developer (aren't they all?) Sunac has had some good news, a bit of a breakthrough on its debt restructuring.</p><p>
ICYMI:
</p><ul><li>A court approved a $10bn restructure plan agreed with creditors
</li><li>Sunac will issue new notes and convertible bonds to creditors as part of its plan</li></ul><p>
Sunac was one of China’s largest developers in 2021 before it defaulted </p>

This article was written by Eamonn Sheridan at www.forexlive.com.