Logan Group Proposes Restructuring $8 Bn Offshore Debt

07 Jan 2025 CW Team

Hong Kong-based developer Logan Group announced that it had proposed a restructuring plan for the majority of its approximately $8.01 billion in offshore debt, which includes offering mandatory convertible bonds (MCBs) to its offshore creditors.

The company aims to restructure $7.56 billion of its total offshore debt, while also seeking to alleviate an additional $476 million of offshore debt under separate financing instruments.

In August, Logan Group had secured a loan of HK$8.2 billion to refinance part of this outstanding debt as it struggled to recover from the property sector collapse of 2021.

According to the restructuring proposal for the larger portion of the debt, offshore creditors would have the option to convert the debt into cash, mandatory convertible bonds (MCBs), long-term notes, or a combination of MCBs and short-term notes. After failing to make repayments since August 2022, Logan Group stated that the proposal was designed to ease the company’s debt burden and restore its capital structure.

Infrastructure Urban

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..