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Country Garden makes debt payments in relief for China property sector -source

HONG KONG (Reuters) -Country Garden has made interest payments on two U.S. dollar bonds just as a grace period was due to end on Tuesday, a person close to the company said, in a relief for the embattled developer and crisis-hit Chinese property sector. China's largest private property developer failed to pay coupons on the bonds totalling $22.5 million due on Aug. 6, exacerbating fear of the developer's cash situation and keeping markets on tenterhooks throughout their 30-day grace p...
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Source: yahoo.com

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