Sep 27, 2023 02:24 PM
ECONOMY
Country Garden Faces Dollar, Ringgit Bond Interest Deadlines
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Country Garden has so far avoided defaulting, but investors remain doubtful about its ability to survive China’s real estate crisis. Photo: Bloomberg
(Bloomberg) — Embattled Chinese developer Country Garden Holdings Co. Ltd. faces another round of debt deadlines Wednesday, including one for dollar bond interest.
The builder, which has become the face of China’s broader property debt crisis, must pay a $40 million coupon on a note maturing in January. It has a 30-day grace period before a default could be called.
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