Wed 07/12/2023 06:50 AM
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UPDATE 1: 6:51 a.m. ET 7/12/2023: Country Garden told certain investors recently that as the company continues to negotiate with bank lenders to refinance its syndicated loan due this month - the four–year 2019 loan was denominated in USD and HKD at $1.374 billion, according to an offering circular for the company’s HKD 3.9 billion 4.95% secured guaranteed convertible bonds due 2026 - the company is also prepared to repay a portion of the facility in order to downsize it, two sources...
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