Missed bond payment
Top 2 Chinese real estate developers miss bond payment over debt concerns
Bloomberg reported that top China real estate developer, Yango Group, missed a 30-day grace period payment on a total of $27.3 million in interest due on Jan. 15. According to Bloomberg-compiled pricing, the company's new bond, due in September, is down 2.1 cents on the dollar at 14.3 cents. The missed payment ...
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