- NEWS Desk Global
CHINA'S COUNTRY GARDEN EYES DEBT DEAL, EVERGRANDE CREDITORS ANTICIPATE LIQUIDATION
China's Country Garden (2007.HK) may announce a restructuring of its offshore debt soon, local media reported, while bondholders of embattled peer China Evergrande Group (3333.HK) raised concerns about a possible liquidation as its debt plans floundered.
Country Garden, which missed two dollar interest payments last month, has two coupons totalling $66.8 million coming due on Monday. Media outlet Cailianshe said the company may announce a restructuring soon.