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Oct 25 (Reuters) - Chinese developer Country Garden Holdings has been deemed in default on a U.S. dollar bond for the first time, Bloomberg News reported on Wednesday, citing a notice.

Country Garden's failure to pay interest on the note within a grace period that ended last week "constitutes an event of default", Bloomberg reported citing the notice to holders from a trustee. (Reporting by Gursimran Kaur in Bengaluru; Editing by Christopher Cushing)