Country Garden wins bank creditor group's support for offshore debt overhaul

Country Garden Holdings

18/08/2025 16:14

Aug 18 (Reuters) - Embattled Chinese property developer Country Garden 2007.HK said on Monday it had agreed with a key group of bank creditors, which collectively hold 49% of its existing offshore debt.

The company defaulted on its offshore debt in late 2023 and is now in a restructuring process, which aims to cut $14.1 billion of that debt by 78%.

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))