Stuttgart - Delayed Quote EUR

Country Garden Holdings Co Ltd (DZJ.SG)

0.0382

-0.0037

(-8.83%)

At close: May 30 at 9:59:50 PM GMT+2

Junkiest Junk Is Offering a Warning Sign for Debt

(Bloomberg) -- For much of the year, money managers have embraced optimism and snatched up corporate bonds, sending valuations to ever more expensive levels. Now, Wall Street titans are saying it’s time to focus on how bad things can get. Most Read from BloombergNY Private School Pleads for Donors to Stay Open After Declaring BankruptcyUAE’s AI University Aims to Become Stanford of the GulfNYC’s War on Trash Gets a Glam SquadChicago’s O’Hare Airport Seeks Up to $4.3 Billion of Muni DebtPacific C

Bloomberg 7 days ago

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MZHOF

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Country Garden secures key bondholder group support for offshore debt overhaul

(Reuters) -Chinese property developer Country Garden said on Friday it had reached an agreement with a key bondholder group and was close to finalising negotiations with a group of bank creditors. The company defaulted on its offshore debt in late 2023 and is now in a restructuring process that aims to cut $14.1 billion of that debt by 78%. The restructuring support agreement with the key bondholder group holding 30% of the embattled developer's $10.3 billion existing offshore bond debt came ahead of a liquidation court hearing in Hong Kong on May 26.

Reuters last month

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Property sales at Chinese developer Country Garden drop by over a third

Sales at one of China’s largest property developers fell by more than a third last year as the country’s real estate market struggled to emerge...

PREMIUM
Financial Times last month

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Performance Overview

Return	DZJ.SG	HANG SENG INDEX (^HSI)
YTD	-26.96%	+16.10%
1-Year	-26.96%	+27.75%
3-Year	-90.77%	+10.25%

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Country Garden Holdings Co Ltd (DZJ.SG)

Junkiest Junk Is Offering a Warning Sign for Debt

Country Garden secures key bondholder group support for offshore debt overhaul

Property sales at Chinese developer Country Garden drop by over a third

Performance Overview