China property developer Country Garden says it will delay bond payment ...Middle East

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A Country Garden yuan-denominated bondcoupon payment on the 3.95% state-guaranteed bondinitial deadline of May 9the firm says that while its due today, and they'll pay a portion, the rest will be delayed until May 13the firm cites slower sales than expected China's property sector remains in a deep debt hole This article was written by Eamonn Sheridan at www.forexlive.com.

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