A construction site of residential buildings by Chinese developer Country Garden is pictured in Tianjin, China August 18, 2023. REUTERS/Tingshu Wang/File Photo
Country Garden Holdings (2007.HK) told some holders of its 800 million yuan ($111.42 million) bond with a put option due Wednesday that it has remitted funds to fully repay the note’s principal outstanding and interest, Bloomberg News reported on Wednesday.
The company did not provide any reason for the decision, the report added, citing people familiar with the matter.
($1 = 7.1799 Chinese yuan renminbi)
Reporting by Gursimran Kaur in Bengaluru, Editing by Louise Heavens
