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Holder: The small amount payment of '21 Bi Di 02' has been received, and Country Garden will pay the installment payment of 3 tranche bonds in September.
On August 24th, Jin10 data reported that several bondholders have received small amounts of money from Country Garden (02007.HK)'s bond ‘21BG02’. Small payment arrangement means that each holder of this bond registered on the registration day of the previous holder’s meeting can receive a total payment of no more than 1,000 (including) bonds principal and interest (100,000 yuan). On April 24th, Country Garden’s extension plan for the three bonds ‘21BG01’, ‘21BG02’, and ‘21BG04’ was approved, which was also the first extension since Country Garden’s debt restructuring. However, Country Garden only extended the payment of principal and interest, not the small payment. Country Garden plans to postpone the payment of interest or principal that has not been paid before September for the three bonds. Country Garden previously stated that due to unexpected sales recovery and pressure on fund allocation, the funds have not been fully in place, and they are making every effort to raise funds.