Country Garden Maintains Onshore Bond Repayments, Avoids Default

Monday, 13 May 2024, 06:00

Chinese property developer Country Garden managed to avoid default by making timely payments on two onshore bonds within a grace period. The company had raised concerns about seeking state guarantor assistance prior to meeting its financial obligations, relieving investors and stakeholders from uncertainty.

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Country Garden Honors Onshore Bond Payments

Chinese property developer Country Garden successfully made payments on two onshore bonds within a grace period, averting default.

The company's proactive action alleviates concerns regarding financial stability and potential reliance on state support.

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.