• 09/22/2024

China property crisis: Country Garden gets creditor approval to delay 6 bond repayments by 3 years as debt-saddled developer breathes again

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

The embattled Chinese developer has received enough support to extend the repayment deadlines for a slew of onshore bonds due in the coming months, giving it some much-needed breathing space after it narrowly avoided default a week ago.

https://www.scmp.com/business/china-business/article/3234279/china-property-crisis-country-garden-gets-creditor-approval-delay-6-bond-repayments-3-years-debt?utm_source=rss_feed