Business
Country Garden seeks to extend $538 million onshore bond repayment by 3 years – source
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BEIJING/HONG KONG : Chinese property developer Country Garden is seeking to extend full repayment for an onshore private bond due Sept. 2 by three years in instalments, a source with direct knowledge said on Monday.
The bond has an outstanding amount of 3.9 billion yuan ($537.96 million), according to data provider Wind.
Country Garden declined to comment.
($1 = 7.2496 Chinese yuan renminbi)
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