China's Country Garden reaches debt restructuring deal with some creditors-May 2024-www.financetom.com

China's Country Garden reaches debt restructuring deal with some creditors

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China's Country Garden reaches debt restructuring deal with some creditors

Apr 10, 2025 3:56 PM

(Reuters) - Chinese property developer Country Garden ( CTRYF ) said on Friday it had reached an agreement with creditors holding nearly 30% of its existing bond debt and was close to finalising terms with another group of bank creditors.

The proposed restructuring covers aggregate outstanding principal amount of $14.07 billion of its existing debt, the company said.

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