This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Country Garden Repays $398mn to Creditors
February 23, 2026
Country Garden (COGARD) has reportedly paid ~$398mn in cash to creditors during the first working week following its restructuring that took effect from December 30 last year. The amount paid was about 2% of the principal of the restructured debt. As part of the plan, Country Garden significantly increased its equity base. Its total shares outstanding rose to 41.65bn, including about 13.73bn new shares issued to creditors and stakeholders under the restructuring. The company also said the Hong Kong High Court dismissed the winding-up petition against the developer last week. This action removed an immediate liquidation risk marking a key step in its debt restructuring process.
COGARD’s dollar bonds continue to trade at deeply distressed levels of 9-10 cents on the dollar.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.