{"id":139891,"date":"2023-10-17T11:32:25","date_gmt":"2023-10-17T04:32:25","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-troubled-country-garden-fights-to-avert-default-as-us15-million-offshore-debt-deadline-looms\/"},"modified":"2023-10-17T11:45:16","modified_gmt":"2023-10-17T04:45:16","slug":"china-property-crisis-troubled-country-garden-fights-to-avert-default-as-us15-million-offshore-debt-deadline-looms","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-troubled-country-garden-fights-to-avert-default-as-us15-million-offshore-debt-deadline-looms\/","title":{"rendered":"China property crisis: troubled Country Garden fights to avert default as US$15 million offshore debt deadline looms"},"content":{"rendered":"


\nThe troubled Chinese developer is fighting to avert its first ever actual default on an offshore debt as the grace period for a US$15.4 million payment enters its final hours.
\n
\nSource : South China Morning Post
\nRead more…China property crisis: troubled Country Garden fights to avert default as US million offshore debt deadline looms<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The troubled Chinese developer is fighting to avert its first ever actual default on an...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-139891","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Aoj","jetpack-related-posts":[{"id":138994,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-garden-extends-bondholders-vote-in-last-ditched-effort-to-avert-default\/","url_meta":{"origin":139891,"position":0},"title":"Country Garden extends bondholders\u2019 vote in last-ditched effort to avert default","date":"September 1, 2023","format":false,"excerpt":"\r Moody\u2019s said it expects the offshore bondholders\u2019 recovery prospects to be low if the company defaults, given its high debt leverage and \u2018large amount of financing at the operating subsidiary level\u2019.\r \r Source : South China Morning Post\r Read more...Country Garden extends bondholders\u2019 vote in last-ditched effort to avert\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139887,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-garden-draws-closer-to-debt-deadline-as-default-risk-looms\/","url_meta":{"origin":139891,"position":1},"title":"Country Garden draws closer to debt deadline, as default risk looms","date":"October 17, 2023","format":false,"excerpt":"\r All of Chinese property giant Country Garden's offshore debt could be in default if it fails to make $15 million coupon payment on Tuesday.\r \r Source : cnbc.com\r Read more...Country Garden draws closer to debt deadline, as default risk looms","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-china-aoyuan-seeks-creditors-approval-for-us4-2-billion-offshore-debt-plan-as-delisting-warning-looms\/","url_meta":{"origin":139891,"position":2},"title":"Developer China Aoyuan seeks creditors\u2019 approval for US$4.2 billion offshore-debt plan as delisting warning looms","date":"July 3, 2023","format":false,"excerpt":"\r The agreement, which includes new notes, new shares, debt-to-equity conversion, perpetual securities and the transfer of shares to creditors, will need the approval of 75 per cent of offshore debt holders to move forward.\r \r Source : South China Morning Post\r Read more...Developer China Aoyuan seeks creditors\u2019 approval for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124237,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-buys-six-months-of-breathing-room-as-bondholders-approved-its-plea-to-defer-payments-to-avert-defaulting-on-an-onshore-bond\/","url_meta":{"origin":139891,"position":3},"title":"Evergrande buys six months of breathing room as bondholders approved its plea to defer payments to avert defaulting on an onshore bond","date":"January 14, 2022","format":false,"excerpt":"\r China Evergrande Group\u2019s bondholders approved its plea to defer paying on a yuan-denominated bond, giving the world\u2019s most indebted property developer breathing room to pare its debt and avert its first default on anonshore financial instrument.Investors holding more than 72.3 per cent of the principal of a 4.5 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-wins-hong-kong-court-approval-to-implement-us10-2-billion-debt-workout-with-creditors-in-boost-to-stock-prices\/","url_meta":{"origin":139891,"position":4},"title":"Sunac China wins Hong Kong court approval to implement US$10.2 billion debt workout with creditors in boost to stock prices","date":"October 5, 2023","format":false,"excerpt":"\r Sunac moved ahead of its troubled peers in fixing its financial crisis after a court in Hong Kong sanctioned its US$10.2 billion debt workout plan with more than 2,000 offshore creditors.\r \r Source : South China Morning Post\r Read more...Sunac China wins Hong Kong court approval to implement US.2\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139808,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-garden-misses-a-bond-payment-signals-possible-default-on-part-of-us180-billion-liabilities-as-chinas-housing-slump-persists\/","url_meta":{"origin":139891,"position":5},"title":"Country Garden misses a bond payment, signals possible default on part of US$180 billion liabilities as China\u2019s housing slump persists","date":"October 10, 2023","format":false,"excerpt":"\r Chinese developer Country Garden is stumbling toward a full-blown debt reorganisation with creditors after missing a bond payment and warning of possible default on its offshore borrowings.\r \r Source : South China Morning Post\r Read more...Country Garden misses a bond payment, signals possible default on part of US0 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139891"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=139891"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139891\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=139891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=139891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=139891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}