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<CN Home>COUNTRY GARDEN's Debt Restructuring Plan Gains Support from ~75% of Bondholders: Wire
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COUNTRY GARDEN (02007.HK) secured support from nearly 75% of its bondholders for its offshore debt restructuring plan ahead of the winding-up petition hearing scheduled for next Monday (26th), Bloomberg reported, citing people with the knowledge of the matter. However, the key bank creditor group has yet to sign the plan. The total debt involved in Country Garden's restructuring amounts to approximately USD14.1 billion, including around USD10.3 billion in outstanding bond principal, documents from the beginning of the year revealed. AASTOCKS Financial News Website: www.aastocks.com |
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