Zhengrong Real Estate's 6.6 billion yuan domestic bond restructuring plan: options include an 8.5-year extension and a buyback at 8% of the remaining face value.

Zhengrong Real Estate plans to restructure its domestic bonds. It is reported that from August 13 to August 27, bondholder meetings will be held for nine company bonds and asset-backed securities, including "H20 Zhengrong 2," with a total outstanding amount of 6.614 billion yuan, to review the restructuring plan and two proposals for waiving multiple meeting procedures. Regarding the adjustment of principal and interest payment arrangements, the proposal indicates that taking July 31, 2026, as the benchmark date, the repayment period for the total outstanding principal of the bonds will be adjusted to 8.5 years from the benchmark date, with the new maturity date set for January 31, 2035. Meanwhile, from the benchmark date onward, capitalized interest will no longer be included in the principal, and the remaining principal will accrue interest at a simple annual rate of 1%, with interest paid together with the principal. Principal repayment will occur in eight installments, with the latest repayment date ranging from April 30, 2033, to January 31, 2035. The principal repayment ratios for each installment will be 5%, 5%, 10%, 10%, 15%, 15%, 20%, and 20% respectively. Each time principal is repaid, the interest corresponding to that principal up to the benchmark date and any new interest accruing after the benchmark date will be settled simultaneously.