The company logo of Chinese developer Country Garden is displayed at a news conference in Hong Kong, China March 20, 2018.
REUTERS/Bobby Yip/File PhotoHONG KONG, Aug 8 (Reuters) - Country Garden (2007.HK) said on Tuesday it has not paid two dollar bond coupons due on Aug. 6, confirming market fears that the biggest privately owned developer in China is slipping into repayment troubles.
The bonds in question are notes due on Feb 2026 and Aug 2030 , both with 30-day grace periods, investors said, citing prospectuses.
Its Jan 2024 dollar bonds were traded at 18.331 cents on the dollar, according to Duration Finance, down from 25 cents on Monday.
Last week, Country Garden aborted a $300 million share placement at the last minute saying it had not reached a 'final agreement' for the deal to go ahead.
Persons:
Bobby Yip, HONG KONG, Clare Jim, Jason Xue, Muralikumar Anantharaman, Kim Coghill, Lincoln
Organizations:
REUTERS, HK, China Evergrande, Reuters, Finance, Thomson
Locations:
Hong Kong, China, HONG, Guangdong province, Shenzhen, Shanghai