Norobiik @[email protected]Oct 25, 2023

Non-payment would put the developer at risk of default on its nearly $11 billion of outstanding #OffshoreBonds and could trigger one of #China’s biggest corporate debt restructurings. #DebtBomb #PropertyMarketCrisis

#CountryGarden default on dollar bond declared for first time -Bloomberg | Inquirer Business
https://business.inquirer.net/428699/country-garden-default-on-dollar-bond-declared-for-first-time-bloomberg

Back toot: https://noc.social/@Norobiik/111262876559834990

Country Garden default on dollar bond declared for first time -Bloomberg

Chinese developer Country Garden Holdings has been deemed in default on a U.S. dollar bond for the first time, Bloomberg News reported on Wednesday, citing a notice. Country Garden's failure

INQUIRER.net