Country Garden Plans Up to $13 Billion of Convertible Bonds

Chinese developer Country Garden Holdings Co. is planning to issue as much as $13 billion of mandatory convertible bonds, as it moves ahead with one of the nation’s biggest-ever restructurings...

By Charlie Zhu, Trista Xinyi Luo, Emma Dong · Bloomberg

Chinese developer Country Garden Holdings Co. is planning to issue as much as $13 billion of mandatory convertible bonds, as it moves ahead with one of the nation’s biggest-ever restructurings amid a real estate crisis that sparked record defaults.