China's Country Garden seeking to extend payments of another 7 onshore bonds by 3 years

Earlier on the property developer:

• Chinese developer Country Garden has only hours to meet US$22.5mn payments

Info crossing now that the firm is reportedly seeking to extend payments of another 7 onshore bonds by 3 years.

The resultant negative sentiment has weighed on 'risk' in the session here:

• AUD, NZD, CNH all down: China PMI disappoints, worries re Country Garden potential default