此次纳入境外重组范围的债务规模合计约177亿美元，折合人民币约1270亿元 投资时间网、标点财经快讯 11月6日，碧桂园（02007.HK）公告称，其境外债务重组方案在5日的债权人会议上顺利通过。在两个债务组别的投票中，均获得出席并投票的债权人中 超过75%债权金额的赞成票。 其中，组别一（银团贷款组别）赞成票对应债权金额占组别一出席并投票债权金额的83.71%，组别二（美元债及其他债权）赞成票对应债权金额占组别 二出席并投票债权金额的96.03%，达成裁定通过的必要条件。 这意味着，这家头部民营房企的境外债务重组跨过最关键的一道坎。此次纳入境外重组范围的债务规模合计约177亿美元，折合人民币约1270亿元。 接下来，12月4日的法院裁定聆讯，将成为最终重组落地前的最后一环。如若通过，碧桂园这家曾坚守至最后的民营房企，或将真正轻装上阵，步入重构 的新征程。 回顾其历程，从1月9日披露重组方案关键条款，到4月11日正式公告重组支持协议，再到11月5日债权人会议投票通过，全程历时300天，碧桂园管理团队 展现出极高的执行力与市场认可度。 此次境外重组，公司采取"现金回购+股权工具+新债置换+实物付息"等多元组合工 ...

Core Viewpoint - Country Garden has successfully passed a critical step in its offshore debt restructuring, with over 75% approval from creditors in both debt groups during the meeting on November 5, 2023 [2][3]. Debt Restructuring Progress - The offshore debt restructuring involves approximately $17.7 billion in principal and interest across 34 debts, covering multiple legal jurisdictions [3][4]. - The restructuring plan includes a combination of cash buybacks, equity instruments, new debt exchanges, and physical interest payments [4][5]. - Following the restructuring, Country Garden expects to reduce its debt by approximately 117 billion USD, equivalent to about 840 billion RMB [5]. Financial Impact - The restructuring is projected to yield a maximum of approximately 70 billion RMB in restructuring gains, significantly enhancing net assets [5]. - The new debt financing cost is expected to decrease to between 1.0% and 2.5%, alleviating cash flow pressure [5]. Domestic Debt Restructuring - Country Garden has also made progress in its domestic debt restructuring, with a plan involving approximately 13.3 billion RMB in principal approved by bondholders [5]. - The domestic restructuring is expected to reduce debt principal by over 50%, with a maximum term of 10 years and no repayment pressure for the next five years [5]. Delivery of Properties - As of October 2023, Country Garden has delivered over 1.8 million homes since 2022, indicating progress in its delivery commitments [2][8]. - The company has faced challenges in sales, with a 70% year-on-year decline in contract sales for 2024, amounting to 47.2 billion RMB [6][7]. - Despite these challenges, Country Garden has implemented various funding strategies to ensure property delivery, including selling stakes and securing loans [6][7]. Transition to New Development Phase - With the completion of significant property deliveries, Country Garden is transitioning from a focus on property delivery to debt recovery and normal operations [8].

近日，碧桂园在2025年重新上榜《财富》世界500强，引发关注。 11月6日，碧桂园再公告一个好消息：公司境外债务重组方案在5日的债权人会议上顺利通过。在两个债务组别的投票中，均获得出席 并投票的债权人中超过75%债权金额的赞成票。这意味着，这家头部民营房企的境外债务重组跨过最关键的一道坎。 根据公告，在境外重组方案所有选项足额认购的情况下，重组完成后碧桂园预计降债规模约117亿美元，对应约人民币840亿元有息债 务。同时，重组完成后预计确认最高约700亿元重组收益。 接下来，碧桂园将于2025年12月4日上午十时正（香港时间）进行"认许聆讯"。如若法院裁定通过，碧桂园的资产负债情况会得到显著 改善。 此次碧桂园境外重组债务规模庞大、结构错综复杂，涵盖合计约177亿美元本息的34笔境外债务或偿债义务，覆盖多个法律辖区，包括 纽约法管辖的美元债、英国法管辖的可转债，以及香港法管辖的银团贷款等。不同司法体系、不同发行结构叠加不同增信结构，使得 方案设计复杂度倍增。在此基础上，碧桂园还统筹考虑上市公司层面的担保义务与多项双边债务的处理，确保重组方案的法律有效性 与整体可执行性。 碧桂园公告 这场重组拉锯战历时300 ...

Group 1 - The core point of the news is that Country Garden has successfully obtained the necessary approvals for its offshore debt restructuring plan from the required majority of creditors, marking a significant milestone in its financial recovery process [1][2] - The total debt involved in the offshore restructuring amounts to approximately $17.7 billion, equivalent to about 127 billion yuan, with a projected debt reduction of around $11.7 billion post-restructuring [1] - Following the completion of the restructuring, Country Garden expects to recognize a maximum restructuring gain of approximately 70 billion yuan, which will significantly enhance its net assets [1] Group 2 - The company's major shareholder has committed to converting the remaining balance of $1.148 billion in shareholder loans into equity, demonstrating strong support and confidence in the company's recovery efforts [2] - Country Garden has prioritized the delivery of homes, having delivered nearly 700,000 units in 2022 and over 600,000 units in 2023, with plans for further deliveries in the coming years [2] - Analysts view the successful offshore debt restructuring as a milestone for the industry, accelerating the risk clearance process for leading real estate companies and contributing to the stabilization and recovery of the real estate sector under policy support [2] Group 3 - Looking ahead to the 14th Five-Year Plan, the real estate industry is increasingly focused on high-quality development, with Country Garden's integrated strategy expected to create significant opportunities for collaborative growth [3] - The company aims to leverage its full industry chain capabilities, focusing on real estate development while expanding into technology construction and management services, which could inject new momentum into its performance growth [3]

Core Viewpoint - Country Garden has made significant progress in its offshore debt restructuring, with over 75% approval from creditors, and is expected to reduce its debt by approximately RMB 84 billion after the restructuring is completed [2][3][4]. Debt Restructuring Progress - The offshore debt restructuring plan was approved by creditors on November 5, with Group One (syndicated loans) receiving 83.71% approval and Group Two (USD bonds and other debts) receiving 96.03% approval [2]. - The total offshore debt involved is approximately USD 17.7 billion, equivalent to about RMB 127 billion, covering various legal jurisdictions [3]. - The restructuring plan includes a combination of cash buybacks, equity instruments, new debt swaps, and physical interest payments, aiming to reduce debt by approximately USD 11.7 billion [4]. Domestic Debt Restructuring - Country Garden has also made progress in its domestic debt restructuring, with a plan involving eight domestic bonds approved on September 29, totaling approximately RMB 13.33 billion [5]. - The domestic restructuring is expected to reduce debt principal by over 50%, with a maximum maturity of 10 years and a lowered interest rate of 1% [5]. Housing Delivery Progress - As of October 2023, Country Garden has delivered over 1.8 million homes since 2022, with 600,000 homes delivered in 2023 alone [2][6]. - Despite a decline in sales, the company is focused on ensuring housing delivery, with significant efforts to secure funding for this purpose [6][7]. - The company has initiated new project planning as it transitions from housing delivery to debt recovery and normal operations [7].

Core Viewpoint - Country Garden has successfully passed a critical milestone in its offshore debt restructuring, with significant approval from creditors, indicating a positive outlook for the company's financial recovery and operational sustainability [1][2]. Group 1: Debt Restructuring - The offshore debt restructuring plan has received the necessary approvals from the majority of creditors, with 83.71% support from the syndicate loan group and 96.03% from the dollar bond and other creditors [1]. - The total debt involved in the restructuring amounts to approximately $17.7 billion, equivalent to about 127 billion yuan [1]. - Post-restructuring, Country Garden expects to reduce its debt by approximately $11.7 billion, translating to around 84 billion yuan in interest-bearing debt, and anticipates recognizing up to 70 billion yuan in restructuring gains [1]. Group 2: Operational Performance - Country Garden has prioritized the delivery of homes, with nearly 700,000 units delivered in 2022, over 600,000 in 2023, and plans for 380,000 in 2024, totaling over 1.8 million units delivered [2]. - The company is transitioning its focus from ensuring home deliveries to debt recovery and normal operations, which is expected to initiate a positive cycle of value recovery and shared benefits with creditors [2]. Group 3: Industry Implications - The successful completion of Country Garden's debt restructuring is seen as a milestone for the industry, accelerating the risk clearance process for leading real estate firms and contributing to a stabilization of the sector under supportive policies [2]. - The real estate industry is moving towards high-quality development, with Country Garden's integrated strategy of core real estate development and new business ventures in technology construction and management expected to drive growth and market revaluation during the 14th Five-Year Plan [3].

#碧桂园境外债务重组计划获批#【碧桂园：境外债务重组计划获大多数债权人批准】11月6日，碧桂园 在港交所公告，境外债务重组计划已分别获所需的法定大多数计划债权人（第一类）及计划债权人（第 二类）批准。公司将于目前订于2025年12月4日上午十时正（香港时间）进行的聆讯上寻求法院认许该 计划。实施建议重组将取决于多项本公司无法控制的因素，且概不保证建议重组将会成功实施或会于 2025年年底前实施。（每日经济新闻，希隆） 5000+上市公司 2025.11.06 07:56 讯 碧桂园:境外债务重组计划 获大多数债权人批准 每经AI快讯 11月6日,碧桂园在港交所公 告,境外债务重组计划已分别获所需的法定大多 数计划债权人(第一类)及计划债权人(第二 类) 批准。公司将于目前订于2025年12月4日上午 十时正(香港时间)进行的聆讯上寻求法院认许 该计划。实施建议重组将取决于多项本公司无法 控制的因素,且概不保证建议重组将会成功实施 或会于2025年年底前实施。 每日经济新闻 - 专业 深度 故事 传播 本文内容仅供参考,不构成投资建议 据此操作,风险自担 ...

Core Viewpoint - Country Garden's offshore debt restructuring plan has received approval from the required statutory majority of plan creditors, indicating a significant step towards addressing its financial challenges [1] Group 1 - The restructuring plan was approved by the necessary statutory majority of plan creditors in two categories: Class 1 and Class 2 [1] - A court hearing is scheduled for December 4, 2025, at 10:00 AM Hong Kong time, where the company will seek court approval for the plan [1] - The successful implementation of the proposed restructuring is contingent on multiple factors beyond the company's control, with no guarantee of success or timely execution by the end of 2025 [1]

Core Viewpoint - Country Garden's offshore debt restructuring plan has received the necessary approvals from the required statutory majority of plan creditors [1] Group 1 - The company announced on November 6 that the offshore debt restructuring plan has been approved by the required statutory majority of plan creditors (Category 1) and plan creditors (Category 2) [1] - A court hearing is scheduled for December 4, 2025, at 10:00 AM (Hong Kong time) to seek court approval for the plan [1] - The implementation of the proposed restructuring will depend on several factors beyond the company's control, and there is no guarantee that the proposed restructuring will be successfully implemented or completed by the end of 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約。本公告並非亦不構成在美國或在根 據其證券法進行登記或取得資格前要約購買或出售任何證券或招攬購買或出售任何證券的要約或銷售任何 證券即屬違法的任何其他司法權區進行該等要約或招攬的任何部份。本公告所述的證券並未亦不會根據 1933年美國證券法登記，在未經登記或獲豁免登記的情況下不得在美國境內發售、出售或以其他方式轉讓。 在美國公開發售的任何證券均將透過售股章程進行，售股章程可從本公司獲得，其中包含有關本公司及管理 層的詳細資料以及財務報表。本公司無意在美國登記本公告所述任何發售的任何部份。 COUNTRY GARDEN HOLDINGS COMPANY LIMITED 碧桂園控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2007） 境外債務重組的最新資料 計劃會議及同意徵求結果 本公告乃由碧桂園控股有限公司（「本公司」，連同其附屬 ...