China’s Country Garden may avoid yuan bond default after deal – Bloomberg News

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Dec 12 (Reuters) – China’s Country Garden Holdings (2007.HK) is likely to avoid its first default on yuan bonds after most holders of a local note agreed not to demand repayment this week, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Christian Schmollinger

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