Chinese property developer Country Garden reportedly set to avert yuan bond default
Publishing timestamp: 2023-12-12 04:51:34
Summary
Most investors of Country Garden's yuan-denominated bonds have agreed not to demand repayment before maturity, potentially avoiding a default. This comes as China's real estate sector faces debt problems and the government aims to deleverage the industry. Country Garden shares rose over 8% in response to the news.
Sentiment: NEUTRAL
Tickers: 2007-HK,
Keywords: asia economy, real estate, business news, country garden holdings co ltd, china,