China developer Glorious Property says bond coupon payment completed

April 24, 2015 9:31 AM

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HONG KONG, April 24 (Reuters) - China developer Glorious Property has completed the coupon payment on its $300 million bonds due 2015, a company spokeswoman said on Friday.

The developer, whose bonds were downgraded to Ca from Caa2 by Moody's Investors Service on Monday, earlier this month unveiled a loss and a decline in annual revenue for 2014.

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