Global investors including BlackRock and Allianz may be key stakeholders to watch in Country Garden Holdings’ debt crisis given their recent exposure to the embattled Chinese property developer’s dollar bonds.
BlackRock held $US351.9 million ($544 million) of Country Garden dollar bonds, according to a filing dated August 11. Allianz’s position was $US301 million based on a June 30 filing. That was also when filings from others including Fidelity International and HSBC Holdings showed they were holders.
