Previous close | 0.1000 |
Open | 0.1500 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's range | 0.1500 - 0.1651 |
52-week range | 0.0400 - 0.2700 |
Volume | |
Avg. volume | 29,111 |
Market cap | 4.621B |
Beta (5Y monthly) | 2.21 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.2900 |
Earnings date | 06 May 2024 - 07 May 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 08 June 2022 |
1y target est | N/A |
(Bloomberg) -- Chinese developer Country Garden Holdings Co. said it cannot meet initial deadlines for interest payments on two local bonds and that a state guarantor would step in — marking the first test of a key government program to shore up builder debt.Most Read from BloombergMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Track‘Seriously Underwater’ Home Mortgages Tick Up Across the USArm Slides as Tepid Outlook Fu
HONG KONG (Reuters) -Embattled Chinese property developer Country Garden said it was unable to pay two onshore coupons due on Thursday, but China Bond Insurance Co would do so on its behalf if it missed paying within a grace period that ends next week. Such a move would be the first time the state-owned company has come to the rescue of an issuer under a Beijing-led programme launched in 2022 to bolster investor confidence, and analysts warned it could make future issuance harder. Country Garden, which defaulted on its $11 billion of offshore bonds and extended other onshore bond repayments late last year, said in a filing it was unable to pay onshore coupons due on Thursday, though it was still trying to raise funds.
(Bloomberg) -- Chinese developer Country Garden Holdings Co. is seeking help from a state-backed program guaranteeing developer bonds to pay interest due Thursday, said people familiar with the matter.Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyTrump Judge Indefinitely Postpones Documents Case TrialUS Pauses Arms Shipment to Israel on Rafah Invasion ConcernsThe cash-strapped developer