Country Garden's Financial Stress Deepens as It Seeks to Extend Onshore Bonds

Wednesday, 17 April 2024, 05:30

Country Garden, a leading Chinese property developer, is facing worsening financial strain as it delays repayment of onshore bonds amidst a continued slump in home sales. Despite previous extensions, the company's move highlights ongoing cash crunch challenges in the real estate sector.
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Country Garden's Financial Stress Deepens as It Seeks to Extend Onshore Bonds

Country Garden Extends Onshore Bonds

Country Garden, a Chinese property developer, is facing financial stress due to delayed onshore bond payments.

Challenges Amid Declining Home Sales

Country Garden is pushing back some onshore bond payments to later dates despite a round of extensions last year, underscoring the financial stress at the Chinese property developer.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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