A Country Garden bond denominated in yuan
- payment of the coupon on the bond guaranteed by the State at 3.95%
- original deadline of May 9
- the company says that although it is due today and will pay part of it, the rest will be delayed until May 13.
- company cites slower-than-expected sales
China’s real estate sector remains in deep debt deficit
This article was written by Eamonn Sheridan at www.forexlive.com.
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