Country Garden's Efforts to Pay US$13 Million Bond Coupon Amid Housing Crisis

Wednesday, 13 March 2024, 07:38

Country Garden is facing challenges in paying a 96 million yuan (US$13.3 million) bond coupon within the grace period, amidst a housing crisis in China. The pressure of meeting the financial obligation highlights the impact of the crisis on the property market.

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Country Garden's Bond Payment Struggle

Country Garden is striving to fulfill a 96 million yuan (US$13.3 million) bond coupon within a 30-day grace period. The company acknowledges the difficulty and is making 'best effort.'

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.