China's Country Garden honors US bond coupon payments on Tuesday, averts default

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China's Country Garden honors US bond coupon payments on Tuesday, averts default
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Citing a person close to the company, Reuters reported on Tuesday, China's largest private property developer, Country Garden, managed to honor intere

Citing a person close to the company, Reuters reported on Tuesday, China's largest private property developer, Country Garden, managed to honor interest payments on two US Dollar bonds, due last month.

The grace period for the coupon payments was due to end on Tuesday but Country Garden averted a default.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

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