China property developer Country Garden says it will delay bond payment

  • Yuan denominated bond payment due

A Country Garden yuan-denominated bond

  • coupon payment on the 3.95% state-guaranteed bond
  • initial deadline of May 9
  • the firm says that while its due today, and they'll pay a portion, the rest will be delayed until May 13
  • the firm cites slower sales than expected
china country garden 14 August 2023

China's property sector remains in a deep debt hole

Top Brokers

Sponsored

General Risk Warning