Chinese developer Country Garden issues USD1 billion worth of bonds to repay debt

Oct 17, 2020 5:52 am

Chinese property developer Country Garden has issued two lots of discounted senior notes worth USD1 billion to pay off overseas liabilities that are to expire within one year, according to a filing with the Hong Kong stock exchange today.

This is the fourth US dollar bond issuance by the Foshan, southeastern Guangdong province-based firm so far this year and brings the total amount leveraged to USD3.5 billion.


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