TMTPOST -- Chinese property developer Country Garden Holdings is seeking to restructure nine publicly traded bonds worth 13.9 billion yuan (USD2 billion), proposing to extend repayments over a decade through 2035, according to a media report. The bonds, originally due between 2023 and next year, would be repaid in nine semi-annual installments from Sept. 2, 2031, to Sept. 2, 2035, The Paper reported, citing the Foshan-based company’s restructuring plan. Country Garden’s financial issues came to light in 2023 when it defaulted on offshore debt amid a widespread downturn in China’s property sector. Following the announcement, the builder’s shares [HKG: 2007] closed 1.6 percent lower at 61 Hong Kong cents (8 US cents) in Hong Kong, although the stock has gained 7 percent since resuming trading on Jan. 21 after a nine-month suspension.