April 11 (Reuters) - Country Garden Holdings Co Ltd <2007.HK>::
*SIGNIFICANT PROGRESS ON THE OFFSHORE DEBT- RESTRUCTURING ENTRY INTO AND INVITATION TO ACCEDE TO- RESTRUCTURING SUPPORT AGREEMENT
*AGREED PRINCIPAL TERMS OF A RESTRUCTURING PROPOSAL WITH AHG
*CLOSE TO FINALISE NEGOTIATIONS WITH CERTAIN MEMBERS OF COCOM
*AGREED PRINCIPAL TERMS OF RESTRUCTURING PROPOSAL WITH AHG, REPRESENTING 29.9% IN AGGREGATE PRINCIPAL AMOUNT OF EXISTING BOND DEBTS
*SCOPE OF PROPOSED RESTRUCTURING COVERS EXISTING DEBT WITH AN AGGREGATE OUTSTANDING PRINCIPAL AMOUNT OF APPROXIMATELY US$14,074 MILLION
*CONVERSION OF SCHEME CLAIMS INTO CASH OF AN AMOUNT UP TO US$200.0 MILLION ,OTHERS
*RESTRUCTURING WILL RESULT IN A SIGNIFICANT REDUCTION IN COMPANY'S CURRENT WEIGHTED AVERAGE FINANCING COST TO EITHER 1.0%, 2.0%, OR 2.5% PER ANNUM
*Further company coverage: <2007.HK>
* ((Reuters.Briefs@thomsonreuters.com;))

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Source Date/Time = 10-APR-202521:40:13.14 GMT