(Reuters) – Chinese property developer Country Garden said on Friday it had reached an agreement with creditors holding nearly 30% of its existing bond debt and was close to finalising terms with another group of bank creditors.
The proposed restructuring covers aggregate outstanding principal amount of $14.07 billion of its existing debt, the company said.
(Reporting by Aaditya Govind Rao and Roushni Nair in Bengaluru; Editing by Devika Syamnath and Maju Samuel)
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