Country Garden Woes Raise Concerns Over Cross-default on Local Bonds Author: edgeinvest | Publ

Posted by IDQWE001 > 2023-08-10 09:19 | Report Abuse

KUALA LUMPUR (Aug 9): Chinese property giant Country Garden Holdings Co’s failure to make payments on its two dollar bond coupons due Aug 6 (Sunday) totalling US$22.5 million (RM103 million) has raised concerns over a cross-default on its Islamic Medium-Term Notes (IMTN) Programme in Malaysia.

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