Citic Guoan woes continue, Macrolink falls victim to virus

Addison Gong

March 10, 2020 08:15 am

Arrow_chart_decline_yield_Adobe_575x375_280120 — Decline in stocks on blackboard | Creative-Touch - stock.adobe.com

The debt crisis at Citic Guoan Group deepened after the company announced its eighth domestic bond default this week. Fellow Chinese issuer, Macrolink Holding Co, was also unable to pay back a Rmb1bn ($144m) bond as the Covid-19 outbreak took a toll on its businesses.

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Topics

China Corporate Bonds Asia Greater China China Bonds Northeast Asia China Asia Pacific Emerging Markets

AG

Addison Gong

SSA editor GlobalCapital