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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Energy

30 Jun 2026

SECI Floats BoS Tender For 70 MW Solar And 25 MW BESS In Andhra Pradesh

The Solar Energy Corporation of India (SECI) has issued a Balance of System (BoS) tender for a grid-connected 70 MW (AC) / 91 MW (DC) solar photovoltaic project with a 25 MW / 50 MWh Battery Energy Storage System (BESS) at Ramagiri in Sri Sathya Sai District, Andhra Pradesh. The tender was released on June 24, 2026 under Tender Number SECI/C&P/OP/11/0002/26-27 as Package-1 of a 50 MW Firm and Dispatchable Renewable Energy hybrid project. Under the tender the selected contractor will execute the full BoS scope on a turnkey basis, including design, engineering, procurement, supply, installation,..

Infrastructure Energy

30 Jun 2026

Solarium Green Secures Rs1.86 Billion EPC Contract for 65 MW Plant

Solarium Green has strengthened its utility-scale solar presence after securing an engineering, procurement and construction (EPC) contract valued at Rs1.86 billion (bn) to build a 65 megawatt (MW) direct current plant in Maharashtra. The assignment will cover design, procurement of modules and inverters, site civil works and grid interconnection for the solar farm. The company indicated the project advances its strategy of pursuing larger utility projects across regional markets. The scope of work includes detailed engineering, supply of major electrical equipment, installation, testing and c..

Infrastructure Energy

30 Jun 2026

Solar Rooftops Slash Household Power Bills To Zero In Kerala And Rajasthan

Household adoption of rooftop solar panels in Kerala and Rajasthan has reduced many electricity bills to zero as systems meet daytime consumption and feed surplus into the grid under net metering arrangements. State initiatives and local installers have promoted small to medium rooftop systems for residential use, supported by subsidies and simplified approval processes. The shift is driven by rising retail tariffs, improved panel efficiency and finance options that spread upfront costs over time. Installations now serve tens of thousands of homes across cities and rural towns, with community ..