Country Garden Default on Dollar Bond Declared for First Time -Bloomberg News

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Country Garden Default on Dollar Bond Declared for First Time -Bloomberg News

By Reuters

Chinese developer Country Garden Holdings (2007.HK) has been deemed in default on a U.S. dollar bond for the first time, Bloomberg News reported on Wednesday, citing a notice.

Country Garden’s failure to pay interest on the note within a grace period that ended last week “constitutes an event of default”, Bloomberg reported citing the notice to holders from a trustee.

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023.

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: Country Garden Default on Dollar Bond Declared for First Time -Bloomberg News

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Country Garden Default on Dollar Bond Declared for First Time -Bloomberg News

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