China's Kaisa seeks to extend maturity on $400m offshore bond

China's Kaisa seeks to extend maturity on $400m offshore bond

Photo: A construction site by Chinese property developer Kaisa Group is seen at an area of downtown Shanghai, February 17, 2015. REUTERS/Carlos Barria

China’s Kaisa Group Holdings Ltd said on Thursday it wants to extend the maturity of a $400 million bond by a year and a half – part of the property developer’s efforts to avoid a messy default and resolve a liquidity crisis.