Chinese developer Country Garden boosted by vote to restructure bond repayment
碧桂园债务展期方案通过,股票大涨近20%
Property shares rise after Beijing eases borrowing requirements for homebuyers
债权人同意对一只原定于上周六到期的近40亿元人民币债券进行展期,并允许碧桂园在未来三年期间分期偿付这只债券。
Shares in Chinese property developer Country Garden rose almost 20 per cent on Monday after creditors agreed over the weekend to restructure the repayment of a renminbi-denominated bond that was due on Saturday.
中国房地产开发商碧桂园(Country Garden)的股票周一上涨近20%,此前债权人在上周末同意重组一只上周六到期的人民币计价债券的偿付。
The approval from bondholders provides the cash-strapped company with more time as it rushes to meet domestic and international repayment obligations.
在碧桂园忙于履行国内和国际偿付义务之际,债权人同意重组为这家现金紧缺的公司提供了更多时间。
Country Garden, which has become the focus of international investors trying to gauge the state of China’s vast property sector, said in a statement to bondholders that it had secured 56.08 per cent approval from participating Chinese creditors in a vote.
碧桂园在一份对债权人的声明中表示,重组方案在参加投票的中国债权人中获得56.08%的赞成票。碧桂园已成为试图评估中国庞大房地产行业状况的国际投资者的关注焦点。