China property developer Country Garden says it will delay bond payment
A Country Garden yuan-denominated bondcoupon payment on the 3.95% state-guaranteed bondinitial deadline of May 9the firm says that while its due today, and they'll pay a portion, the rest will be delayed until May 13the firm cites slower sales than expected China's property sector remains in a deep debt hole This article was written by Eamonn Sheridan at www.forexlive.com.
A Country Garden yuan-denominated bond
- coupon payment on the 3.95% state-guaranteed bond
- initial deadline of May 9
- the firm says that while its due today, and they'll pay a portion, the rest will be delayed until May 13
- the firm cites slower sales than expected
China's property sector remains in a deep debt hole This article was written by Eamonn Sheridan at www.forexlive.com.
