Aug 14, 2023 08:36 PM

FINANCE

Country Garden Plans to Extend One Bond by Three Years, Sources Say

By Zhang Yukun and Wang Juanjuan

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A Country Garden property under construction in June 2022 in Chongqing. Photo: IC Photo

A Country Garden property under construction in June 2022 in Chongqing. Photo: IC Photo

Country Garden Holdings Co. Ltd. is planning to extend an onshore bond maturing in September by three years, as its trading was suspended Monday, according to investors with knowledge of the property giant’s initial debt restructuring plan.

Trading of ten other onshore bonds, issued by two Country Garden subsidiaries, was also suspended that day, the company said in a filing to the Hong Kong Stock Exchange on Sunday.

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