BEIJING/HONG KONG (Reuters) – Chinese property developer Country Garden is seeking to extend full repayment for an onshore private bond due Sept. 2 by three years in instalments, a source with direct knowledge said on Monday.
The bond has an outstanding amount of 3.9 billion yuan ($537.96 million), according to data provider Wind.
Country Garden declined to comment.
($1 = 7.2496 Chinese yuan renminbi)
(Reporting by Shuyan Wang in Beijing and Clare Jim in Hong Kong; Editing by Muralikumar Anantharaman)
