Property developer Modernland Realty (MDLN) has proposed to postpone the interest payment of its two global bonds with a total value of US$390 million until May 31, 2021. The Company is still looking the ways to restructure the notes, which have been negotiating since last year. MDLN’s President Director William Honoris said since July 2020, the company has appointed Borrelli Walsh and Milbank LLP to assisted the debt restructuring process.
