Indebted Chinese developer Country Garden Holdings has paid coupons on two dollar bonds on time and completed a share issuance to repay loans to a creditor as the company takes steps to work out ...
Country Garden’s failure to pay interest on the note within a grace period that ended last week “constitutes an event of default,” according to a notice to holders from trustee Citicorp International ...
Chinese developer Country Garden Holdings was deemed to be in default on a dollar bond for the first time ever, underscoring its fall into distress amid a broader property debt crisis that has ...
paving the way for its exit from the country Embattled mainland Chinese developer Country Garden Holdings has put a chunk of assets on the block in Guangzhou in a bid to repay sizeable debt due ...
Country Garden Holdings said a state guarantor could come to its aid after the troubled developer missed deadlines for bond payments, presenting a key test for a government entity in dealing with ...