The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo
China’s Country Garden Holdings (2007.HK) is likely to avoid its first default on yuan bonds after most holders of a local note agreed not to demand repayment this week, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Christian Schmollinger
