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SINGAPORE/HONG KONG (Reuters) -Some offshore bondholders of embattled Chinese developer Kaisa Group who did not receive coupon payments this month have tapped investment bank Moelis & Co to advise them on the matter, a source with direct knowledge told Reuters on Tuesday. Kaisa, which has the most offshore debt of any Chinese developer after China Evergrande Group, has not paid coupons totalling over $59 million due on Nov. 11 and 12, with 30-day grace periods for both. Bloomberg reported earlier on Tuesday that an ad hoc group of offshore bondholders is also seeking advice from lawyers at Kirkland & Ellis, besides Moelis.
TTE, MC, R, and FFIC made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 16, 2021.