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China property developer Country Garden likely to formally default on $15mn coupon payment

China property developer Country Garden likely to formally default on $15mn coupon payment
The word out of China is that troubled developer Country Garden is likely to formally default on a $15 mln coupon payment due on offshore debt:the payment is due on Tuesday 17 October at the conclusion of the 30-day grace periodWhile China's economy is showing signs of recovery there is no such sign from the property sector. This article was written by Eamonn Sheridan at www.forexlive.com... Read More
Posted: Oct 11 2023, 03:33
Author Name: forexlive
Views: 102185

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