Property developer Country Garden’s onshore bonds continue to slide on Friday.
The bond due June 2026 tumbled more than 20% on the Shenzhen Stock Exchange before the trading was temporarily halted due to abnormal fluctuations.
Its bond due March 2026 is sliding more than 13% on the exchange, bond due July 2025 down more than 8% and bond due August 2023 down over 2%.
Country Garden’s shares are sliding nearly 5% in Hong Kong to hit HK$1.13. Other mainland property developers and property management companies are also trading lower, with Longfor Group sliding 6%, Country Garden Services and Yuexiu Property down over 3%.
