The same "cross default" is true for Kaisa, which, according to Refinitiv data, has note maturities totalling $2.8 billion next year, and $2.2-3.2 billion of maturities each year between 2023 and 2025. Fitch said there was limited information available on Kaisa's restructuring plan after it missed $400 million in offshore bonds repayment on Tuesday. Evergrande said last week it planned to forge ahead with a restructuring of its debt.