Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Chinese developer Country Garden Holdings defaults on U.S. dollar bond
Posted on October 30, 2023 |
Chinese developer Country Garden Holdings (2007. HK) has encountered its inaugural default on a U.S. dollar bond.
This default occurred as a result of Country Garden's failure to meet the required interest payment within the grace period, which concluded last week.
A trustee's notice to bondholders clarified that the missed interest payment is officially classified as an "event of default."