Country Garden Wins Vote to Extend Repayment on 7 Yuan Bonds

The video discusses the ongoing financial challenges faced by Country Garden, focusing on the extension of eight bonds and the delay in creditor approval for one bond issued by Guangdong Giant Leap Industrial Company. The discussion highlights the looming maturity issues and the uncertainty surrounding a $15 million coupon payment. The video also notes the unusual resistance from bondholders to extension proposals, indicating a shift in their usual compliance.

How much is the coupon payment that Country Garden faces over the weekend?

What has changed in the bondholders' response to extension proposals this time?