China Real Estate Giant Country Garden has reportedly set up a wide limit to prevent the first default of bonds due.
Comprehensive Bloomberg and Surging News reported on Tuesday (August 29), the announcement disclosed by the private offering bond platform on the Shanghai Stock Exchange showed that Country Garden plans to hold a second bond holder meeting from August 29th to 31st.Integrating Country Garden Holdings Co., Ltd. In 2016, non -public issuance corporate bonds (fourth phase) (variety 2) ("16 Biyuan 05") increased 40 natural daily width limited periods.
"16 Biyuan 05" is a private equity bond issued by Country Garden's wholly -owned subsidiary Country Garden Real Estate Group Co., Ltd. This is the first bond for Country Garden to seek the exhibition period.
The bill shows that after the breach of contract under this bond, the issuer was given the above -mentioned wide limit, and the bond default or breach of contract was not constituted within a wide limit period.
The additional period of additional time limit also shows that if the issuer conducts a full amount of repayment of the principal and/or interest of the bond expiration during the wide limit or obtaining the exemption of the bond holder meeting or obtaining the bond holder meeting or obtaining the exemption or exemption or exemption or exemption of bond holders.The exhibition period does not constitute a breach of contract.
Bloomberg reported earlier that the "16 Biyuan 05" unsuccessful basis was 3.9 billion yuan (about S $ 724 million), which will expire on September 2, because the day was postponed on Saturday to the Saturday to the Saturday to the Saturday to postponeSeptember 4.
Before the increased period of the additional period was released, the issuer proposed that the bond exhibition period was three years and paid in installments.It was extended on August 25 to August 31.
