Country Garden Holdings Co. Ltd.'s plan to extend an onshore bond by three years has one major hurdle to overcome: securing enough approval from bondholders, some of whom are demanding that the embattled developer pay the principal and interest in full by Sept. 2. Holders of 16 Bi Yuan 05, a non-public bond Country Garden issued in 2016, will meet from Wednesday to Friday to vote on the company's repayment plan, sources with knowledge of the matter told Caixin, citing a notice the developer sent to bondholders Friday.

https://www.caixinglobal.com/2023-08-21/country-gardens-plan-to-extend-bond-repayment-meets-with-resistance-102095125.html

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