After the Chinese real estate developer Country Garden paid two US dollars in debt tickets before the end of the month, two more than 66.8 million US dollars (S $ 91.42 million) were expired this week.
According to Reuters, the rate expired on Monday (October 9) was linked to the bonds with interest rates of 6.5%in April 2024 and 7.25%interest rates in April 2026.
These two votes have a wide range of 30 days, but if Country Garden cannot pay a September interest vote of $ 15 million before October 17, all offshore debt may be regarded as breach of contract.
Country Garden has a offshore bond of US $ 10.96 billion and non -RMB loans worth 42.4 billion yuan (S $ 7.95 billion).If the default, these debts will need to be reorganized, and the company or its assets will also face the risk of liquidation by the creditors.
According to the surging news report, some investors said on Sunday (October 8) that they have not received the "Country Garden 8% N20240127".The bond will expire on January 27, 2024. The interest of about 38.6 million US dollars should be paid, and the 30 -day payment is limited.
In terms of domestic debt, Country Garden's nine domestic bonds seeking the exhibition period have passed the voting at the end of September, all of which have received three years.
