Mon 09/11/2023 19:59 PM
Share this article:
Reorg Asia’s Highlights:

  • Complexity of Country Garden’s credit structure highlights enforcement challenges for USD noteholders seeking to access recovery value in a downside scenario. Intercreditor arrangements at the listco level could further complicate USD noteholder enforcement strategy;

  • Avoiding default by payment of offshore coupons and extension of onshore bonds allows Country Garden flexibility to carry out asset sales, with the option to apply sale proceeds to repay...
Share this article:
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.
Thank you for signing up
for Reorg on the Record!