Back to today’s briefing

Story perspectives

Country Garden Secures Debt Restructuring Amid Economic Downturn

12/5/2025

44 8 Full Breakdown

Summary

Story summary

Country Garden Holdings has won approval for onshore and offshore restructuring amid China’s downturn.
Hong Kong High Court endorsed extending repayment of US$17.7 billion in offshore debt.
Onshore bondholders extended nine bonds totaling 13.8 billion yuan.
Creditors may swap debt for shares, receive convertible bonds, or accept new notes.
The plans aim to reduce Country Garden's total debt by over 90 billion yuan and ease five years of repayment.

1 of 1

Story summary

Country Garden Holdings has won approval for onshore and offshore restructuring amid China’s downturn.
Hong Kong High Court endorsed extending repayment of US$17.7 billion in offshore debt.
Onshore bondholders extended nine bonds totaling 13.8 billion yuan.
Creditors may swap debt for shares, receive convertible bonds, or accept new notes.
The plans aim to reduce Country Garden's total debt by over 90 billion yuan and ease five years of repayment.