Chinese builder Agile defaults for first time on dollar bonds

Agile Group Holdings Ltd, a property developer based in Guangdong, China, has defaulted on its publicly issued dollar-denominated bonds for the first time. The company, which specializes in constructing villa apartments and high-rise residential buildings, failed to pay interest within the grace period that ended on May 13 for its 2025 dollar bonds, as stated in a filing. To address the situation, Agile Group plans to engage external financial and legal advisers to help assess its capital structure and liquidity.