AsianFin--China’s property developer Fantasia Holdings Group recently announced the updated proposal for the restructuring of its overseas debts. According to the restructuring plan, $1.3 billion of overseas debt will be directly converted into common shares of Fantasia Holdings' new issuance.

Additionally, the group will issue eight batches of new bonds with maturity dates ranging from December 2026 to June 2031. The cash interest rate of the bonds has been reduced from the previous 5%-8% to 4.5%-6.5%.