Chinese developer Country Garden faces fresh offshore payments deadline
© Reuters. FILE PHOTO: The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo
China's largest private developer has $10.96 billion offshore bonds and 42.4 billion yuan worth of loans not denominated in yuan. If it defaults, these debt will need to be restructured, and the company or its assets also risk liquidation by creditors. More than two years on, the crisis has deepened as confidence in both housing and capital markets dried up, further squeezing developers' liquidity.
The market is closely watching whether Country Garden, which owns projects across the country, can manage to dodge default again by making payments at the last minute.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Transition to cool-weather crops in the October garden: Here are 20 to get you startedGarden expert Nan Sterman outlines the tasks for home gardeners in October in San Diego County, which includes a transition to cool-weather crops and the planting of colorful ornamentals for spring.\r
Leer más »
5 of the worst garden weeds and what you can (or can’t) do about themJoshua Siskin writes the gardening column each week.
Leer más »
Memorial garden at The Caring Place honors late client services director Debbi ReynoldsOn a recent cold, rainy afternoon family and colleagues of the late Debbi Reynolds, former director of client services at The Caring Place, gathered to dedicate a garden in her honor. Tributes to her
Leer más »