Country Garden carried a total debt of 317.92 billion yuan as of the end of last year, a decrease from 326.5 billion yuan a year earlier. Photo: Reuters
Country Garden carried a total debt of 317.92 billion yuan as of the end of last year, a decrease from 326.5 billion yuan a year earlier. Photo: Reuters

Top Chinese developer Country Garden offers to buy back US$683 million bond in show of financial strength amid sector’s protracted debt woes

  • Shenzhen firm intends to finance the offer with internal funds and bondholders have until June 22 to accept the offer
  • Offer ‘illustrates Country Garden’s healthy balance sheet and financial position’, analyst says

Country Garden carried a total debt of 317.92 billion yuan as of the end of last year, a decrease from 326.5 billion yuan a year earlier. Photo: Reuters
Country Garden carried a total debt of 317.92 billion yuan as of the end of last year, a decrease from 326.5 billion yuan a year earlier. Photo: Reuters
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