Country Garden gets bondholders' approval to postpone payments
Wed, Apr 24, 2024 6:05 PM

Country Garden gets bondholders' approval to postpone payments

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BENGALURU: Embattled Chinese property developer Country Garden said it has won bondholders' approval to further delay payments on three onshore bonds to September, in order to give it more time to raise funds. The largest Chinese private developer, which has defaulted on its $11 billion offshore bonds and is working on an offshore debt restructuring plan, had in September.

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