News: 2024.03.13
Country Garden failed to repay domestic debt interest for the first time, attracting market attention. Bloomberg quoted Country Garden’s reply as saying that the company failed to pay the domestic bond “H1 Bidi 01” that matured yesterday in full on time. Nevertheless, according to the terms of the existing bond contract, the bond still has a grace period of 30 trading days for interest payment from the maturity date.
This situation is the first time for Country Garden, and it also worries investors. The company's financial condition has attracted market attention, and investors are paying attention to its future development.
Country Garden's move also caused uneasiness in the market, and the company's stock price fluctuated to a certain extent. Investors and analysts have expressed their views on the company's failure to pay debt interest on time.
For Country Garden, future development will face certain risks and challenges. Companies need to proactively respond to financial pressures and take effective measures to stabilize market confidence.