Kaisa Group Holdings Ltd: Covenant Quality Post-Sale Snapshot: US$400m 11.95% Senior Notes due 2022
Kaisa Group Holdings Ltd.’s covenant package provides weak protection, reflecting a Covenant Quality Score of 3.98.Kaisa Group Holdings is engaged in investment holdings. Through its subsidiaries, Co.'s businesses cover property development, commercial operation, hotel management and property management services with products comprising residential properties, villas, offices, serviced apartments, integrated commercial buildings and mega urban complexes. As of Dec 31 2012, Co. conducted its businesses through five segments: property development, property investment, property management, hotel and catering and others. Co.'s primary markets include the Pearl River Delta, the Yangtze River Delta, the Pan-Bohai Bay Rim, the Western China region and the Central China region in the People's Republic of China.
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