Forex
globalreutersMay 9, 20241 Mins read
China property developer Country Garden says it will delay bond payment
globalreutersMay 9, 20241 Mins read 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’s property sector remains in a deep debt hole
This article was written by Eamonn Sheridan at www.forexlive.com.
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