** Country Garden Holdings's shares fall 4.9% to HK$0.58, on course to snap three straight sessions of gain
** Stock on track for biggest one-day pct drop since March 5 and is stock down 24.4% YTD
** The Chinese property developer says funds for 96 mln yuan ($13.4 mln) coupon payment due Tues not fully in place and it plans to raise funds for the missed onshore coupon payment within 30-day grace period
** Rivals also fall: Longfor , Logan , R&F Properties , China Vanke , China South City
, Hopson , Shimao , Agile and Sunac down 1.3% to 4%
** Citi says: "After three years of de-leveraging cycle, we think financial systematic risk seems to have bottomed, property sector health should improve and credit risk would further pare down to tolerable levels"
** Hang Seng Mainland Properties Index slips 0.5%; Hang Seng Composite Index up 0.2% and Hang Seng Index
adds 0.3%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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