Country Garden Faces Another Yuan-Bond Vote Deadline in Hours
- Noteholders have until 10 p.m. Beijing time Thursday to vote
- Holders of yuan bond received interest falling due Thursday
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Distressed Chinese developer Country Garden Holdings Co. is approaching another deadline for voting by bondholders on its request to extend repayment, after winning such support on 10.3 billion yuan ($1.4 billion) of other local notes.
The voting on the security, issued by unit Guangdong Giant Leap Construction, is set to conclude Thursday night 10 p.m. Beijing-time. The bond is the last in a group of eight notes that it asked to stretch repayment on by three years, with extension of the other seven having already been approved.