The property giant paid $22.5 million in coupons to international bondholders just before the end of a 30-day grace period. Listen (2 min) This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
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https://www.wsj.com/finance/investing/chinas-country-garden-makes-overdue-dollar-bond-payments-narrowly-avoiding-default-626f515d Investing The property giant paid $22.5 million in coupons to international bondholders just before the end of a 30-day grace period
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After Country Garden debt deal, focus shifts to China property recovery prospects By ReutersAfter Country Garden debt deal, focus shifts to China property recovery prospects
After Country Garden debt deal, focus shifts to China property recovery prospectsCountry Garden’s deal with creditors for an extension on onshore debt payments worth 3.9 billion yuan ($537 million) has brought the developer and China’s crisis-ridden property sector some much-needed respite.
Country Garden set to open up 5.6% after deal to extend onshore bond paymentShares of Country Garden Holdings Co Ltd were set to open up 5.6% on Monday after the embattled Chinese developer won approval from its creditors to extend payments for an onshore private bond.
China ramps up economic support as Country Garden vote looms By ReutersChina ramps up economic support as Country Garden vote looms
Asian Stock Market: Sentiment remains firmer on China, Country Garden newsThe risk appetite improves in Asia during a sluggish start to the week elsewhere as China defends the region’s bulls whereas the US Labor Day holiday
Country Garden wins bond extension in relief for China’s property sectorThe extension would allow Country Garden to repay the debt in instalments over three years, instead of meeting its obligations by Saturday.
