Property News · September 5, 2023

Country Garden said to pay two coupons as Chinese builder chips away at US$14.9 billion near-term debt load


The Chinese developer paid US$22.5 million in interest on two dollar bonds before the end of a 30-day grace period on September 6, according to sources. It separately sold new shares to help repay debt owed to a Hong Kong company.

Source : South China Morning Post
Read more…Country Garden said to pay two coupons as Chinese builder chips away at US.9 billion near-term debt load