Country Garden Pays Interest, Extends $1.4 Billion of Bonds
- Holders of yuan bond received interest falling due Thursday
- Developer again extended voting on an eighth note, people said
This article is for subscribers only.
Distressed Chinese developer Country Garden Holdings Co. showed more signs of progress in its attempt to manage one of the biggest debt loads of any property firm globally—at least for now.
Two holders of a yuan bond from the builder have received interest that will fall due Thursday, they said late Wednesday in China, asking not to be identified speaking about a private matter. The amount of interest due is 62.1 million yuan ($8.5 million), according to Bloomberg-compiled data.