** Shares of Country Garden 2007 climb 5.3% to HK$0.5, set for biggest one-day pct rise since July 24

** Stock hit the highest point since July 31

** Embattled Chinese property developer said on Monday it reached an agreement with a core group of bank creditors that holds 49% of its offshore debt, marking another step in its $14.1 billion restructuring plan

** Country Garden, seeking to slash its offshore debt burden by 78%, said holders representing 77% of its bond value had accepted its restructuring proposal

** Hang Seng Mainland Properties Index HHSMPI rises 1.3%, benchmark Hang Seng Index HSI adds 0.01%

** YTD, stock up 2.1%

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