Fri 08/18/2023 11:04 AM
UPDATE 1: 11:05 a.m. ET 8/18/2023: Country Garden Holdings
announced its proposal to extend its CNY 3.904 billion ($538 million) 5.65% onshore private bond due Sept. 2 “16 Bi Yuan 05” for three years this evening, Aug. 18, according to two sources familiar with the matter and a copy of a private announcement seen by Reorg.
The company proposes to pay accrued interest at the bond’s maturity on Sept. 2 and extend the principal for three years with CNY 100,000 paid on Oct. 2. In...
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