All of Chinese property giant Country Garden’s offshore debt could be in default if it fails to make $15 million coupon payment on Tuesday.
China's largest property developer could be in default if it fails to make a $15 million coupon payment on Tuesday.'s offshore debt could potentially be in default if the Chinese property developer fails to make a $15 million coupon payment on Tuesday, which marks the end of a 30-day grace period.last week it may not be able to make all its offshore repayments, including those issued in U.S. dollar notes.in early September after it managed to pay $22.5 million in bond coupon payments.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyIf the Country Garden fails to make the repayment on Tuesday, it would become the latest casualty among many large Chinese real estate developers that have defaulted on their debt.illinois news
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Country Garden's entire offshore debt to be in default if Tuesday payment not madeCountry Garden's entire offshore debt to be in default if Tuesday payment not made
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