(Reuters) -Embattled property developer China Evergrande Group has been discussing a restructuring proposal with collectors that features two choices for extending fee deadlines on unsecured offshore debt, Bloomberg Information reported on Tuesday.

One proposed choice would entail installment funds on the principal quantity of the debt with complete reimbursement in as many as 12 years, the report stated, citing sources.

The coupon funds for these newly issued securities, which is able to change the outdated ones, can be set in a spread with a decrease finish of about 2%, it added.

The second proposal seeks collectors to swap a part of their debt into shares in Evergrande and its auto and property-management items – China Evergrande New Vitality Automobile Group Ltd and Evergrande Property Providers Group Ltd – by issuing new hybrid securities like convertible bonds, in keeping with the report.

For the second proposal, too, the maturities can be prolonged via installment plans, however for a shorter interval with coupons set at round 6% to 7%, the report added.

Evergrande didn’t instantly reply to a request for remark.

As soon as China’s top-selling developer, Evergrande is now on the centre of the nation’s property disaster, saddled with over $300 billion in liabilities amid a debt restructuring.