Eve of Debt Crisis: The Unusual Clash between De Lessor Bondholders
The repayment of part of the debt raised by the veteran real estate company has sparked, in the past month, a demand from some bondholders to delay the payment due to its "difficult and deteriorating…
Assessment
A dispute among bondholders of the veteran real estate company De Lasser has escalated into an unusual public confrontation ahead of a debt repayment. Some bondholders are demanding to delay the payment, citing the company's deteriorating financial condition, while the company rejects the claims and accuses a creditor of threatening its officers. The outcome will test whether bondholder coordination can hold or fracture under financial stress.