Chinese developer Country Garden Holdings (2007.HKG) has decided to postpone a US dollar bond issue, Financial Times reported, citing people familiar with the matter. The company met with investors over the past two weeks to gauge appetite for a deal, after announcing its plans to raise fresh debt in a filing to the stock exchange last month. Management’s decision not to press ahead with a deal at this time is the latest sign of growing concern about the health of China’s real estate sector. Country Garden’s last dollar bond was sold in September 2013, when it borrowed US$750 million over eight years paying a coupon of 7.25%.
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