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Country Garden gets maturity extension approval for one more onshore bond - sources reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Country Garden Holdings: The maturity period of the cash-strapped Country Garden s onshore bond has been extended by three years, said the sources, who declined to be named as they were not authorised to speak to the media. ....
Creditors of Country Garden Holdings are doubtful the Chinese developer will be in a position to service debt that will come due later this year without liquidity support, after it averted a. ....
Creditors of Country Garden Holdings are doubtful the Chinese developer will be in a position to service debt that will come due later this year without liquidity support, after it averted a catastrophic default this week at the last minute. With its financial situation precarious and prospects of China's property sector remaining grim, the offshore creditors expect the country's largest private developer to get liquidity support soon or for it to undergo a debt revamp. Country Garden's financial woes have become the latest to hit China's property sector, which was once a pillar of growth for the world's second-largest economy but has become its biggest drag since 2021 amid an unprecedented liquidity crisis. ....