[1/2] A worker looks on at a construction site of residential buildings by Chinese developer Country Garden, in Beijing, China August 11, 2023.
REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsHONG KONG, Oct 18 (Reuters) - The grace period for Chinese property developer Country Garden Holding's (2007.HK) $15 million coupon payment has expired with no word that the money has been paid.
Country Garden did not immediately respond to a request for comment.
Country Garden has also missed other offshore payments in the past few weeks, though those payments still have not seen their 30-day grace periods lapse.
A default would open the way for Country Garden's offshore creditors to begin negotiations with the firm's financial advisors.
Persons:
Tingshu Wang, Clare Jim, Scott Murdoch, Xie Yu, Sonali Paul, Edwina Gibbs
Organizations:
REUTERS, HK, Data, JPMorgan, Mainland Properties, Thomson
Locations:
Beijing, China, HONG KONG, China's, Hang, Hong Kong, Sydney