Property News · September 1, 2023

Country Garden extends bondholders’ vote in last-ditched effort to avert default


Moody’s said it expects the offshore bondholders’ recovery prospects to be low if the company defaults, given its high debt leverage and ‘large amount of financing at the operating subsidiary level’.

Source : South China Morning Post
Read more…Country Garden extends bondholders’ vote in last-ditched effort to avert default