China Education Giant & Hong Kong-Listed XJ International Holdings Bondholders Include PAG & Oasis Management, Defaulted on $324 Million Bond Including Accrued Interest, Received Winding Up Petition after Defaulting on Bond, Bank of New York is Trustee for Defaulted Bondholders & Acting on Behalf of 49.1% of the Bondholders
20th April 2024 | Hong Kong
China education giant & Hong Kong-listed XJ International Holdings bondholders include PAG & Oasis Management. In March 2024, XJ International Holdings received a winding up petition after defaulting on the $324 million bond. Bank of New York is the trustee for the defaulted bondholders & is acting on behalf of 49.1% of the bondholders (XJ international Holdings). Earlier in February 2024, XJ International Holdings had received a letter from bondholders requesting for early redemption by 2nd March 2024 of XJ International Holdings $350 million bonds due 2026. The bondholders cited risk of XJ International Holdings may intentionally default on payments. XJ International Holdings current market value is at $254 million (28/3/24). More info below:
“ China Education Giant & Hong Kong-Listed XJ International Holdings Bondholders Include PAG & Oasis Management, Defaulted on $324 Million Bond Including Accrued Interest, Received Winding Up Petition after Defaulting on Bond, Bank of New York is Trustee for Defaulted Bondholders & Acting on Behalf of 49.1% of the Bondholders “
China Education Giant & Hong Kong-Listed XJ International Holdings Receives Winding Up Petition after Defaulting on $324 Million Bond, Bank of New York is Trustee for Defaulted Bondholders & Acting on Behalf of 49.1% of the Bondholders
30th March 2024 – China education giant & Hong Kong-listed XJ International Holdings has received a winding up petition after defaulting on the $324 million bond. Bank of New York is the trustee for the defaulted bondholders & is acting on behalf of 49.1% of the bondholders (XJ international Holdings). Earlier in February 2024, XJ International Holdings had received a letter from bondholders requesting for early redemption by 2nd March 2024 of XJ International Holdings $350 million bonds due 2026. The bondholders cited risk of XJ International Holdings may intentionally default on payments. XJ International Holdings current market value is at $254 million (28/3/24). More info below:
China Education Giant & Hong Kong-Listed XJ International Holdings Receives Letter from Bondholders for Early Redemption by 2nd March 2024 of $350 Million Bonds Due 2026, Cites Risk of XJ International Holdings May Intentionally Default on Payments, Current Market Value of $352 Million
24th February 2024 – China education giant & Hong Kong-listed XJ International Holdings has received a letter from bondholders requesting for early redemption by 2nd March 2024 of XJ International Holdings $350 million bonds due 2026. The bondholders cited risk of XJ International Holdings may intentionally default on payments. XJ International Holdings current market value is at $352 million (23/2/24).
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