Chinese property developer R&F falls short of payment to creditors but averts default

Chinese property developer R&F falls short of payment to creditors but averts default

Photographer: SeongJoon Cho /Bloomberg

Debt-laden property developer Guangzhou R&F Properties said it would use $104 million to pay for a tender offer and fees to offshore bondholders deemed to have consented to an extension in maturity of a $725-million bond due on Thursday.