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Published on 7/29/2020 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

China’s Country Garden to redeem all outstanding 7¼% notes due 2021

By Taylor Fox

Chicago, July 29 – Country Garden Holdings Co. Ltd. plans to redeem in full all outstanding 7¼% senior notes due 2021 on Aug. 28 at par plus interest, according to a company announcement.

The outstanding principal amount of the 2021 notes is $750 million.

The 2021 notes will be canceled and delisted upon redemption.

Country Garden is a Foshan, China, real estate developer.


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