The property giant paid $22.5 million in coupons to international bondholders just before the end of a 30-day grace period. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Country Garden set to open up 5.6% after deal to extend onshore bond paymentShares of Country Garden Holdings Co Ltd were set to open up 5.6% on Monday after the embattled Chinese developer won approval from its creditors to extend payments for an onshore private bond. China ramps up economic support as Country Garden vote looms By ReutersChina ramps up economic support as Country Garden vote loomsAsian Stock Market: Sentiment remains firmer on China, Country Garden newsThe risk appetite improves in Asia during a sluggish start to the week elsewhere as China defends the region’s bulls whereas the US Labor Day holidayCountry Garden wins bond extension in relief for China's property sectorThe extension would allow Country Garden to repay the debt in instalments over three years, instead of meeting its obligations by Saturday.

Source: Wall Street Journal September 05, 2023 11:08 UTC