Chinese Developer Country Garden Gets Nod to Extend Another Yuan Bond

The transcript discusses the extension of CN¥492 million notes for three years, providing Country Garden with financial breathing room. Despite this, the company faces challenges due to poor sales and potential cash flow issues. The transcript also highlights the suspension of offshore debt payments by Sino and the ongoing financial struggles of both companies.

What was the proposed extension period for the CN¥492 million notes?

• Five years

• Three years

• Two years

• One year

How many bonds in total were extended by three years?

• Eleven bonds

• Seven bonds

• Nine bonds

• Five bonds

What was the percentage drop in August sales year over year?

• 72%

• 60%

• 50%

• 80%

Which company announced the suspension of offshore debt payments?

• Vanke

• Evergrande

• Sino

• Country Garden

What is the grace period for the dollar bond coupon due Monday?

• 330 days

• 90 days

• 60 days

• 30 days