Cash-strapped Shandong Ruyi skips onshore MTN coupon

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Cash-strapped Shandong Ruyi skips onshore MTN coupon

Addison Gong
March 17, 2020 07:45 AM
Collateral pressure margin squeeze leverage ratio cash adobe stock AS 230x150
/larryhw - stock.adobe.com

Chinese issuer Shandong Ruyi Technology Group Co missed an interest payment on a Rmb1bn ($143m) domestic bond on Monday, just days after holding a bondholder meeting.

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ChinaCorporate BondsHigh yieldAsiaGreater ChinaChina BondsNortheast AsiaChinaLoans and High YieldLevFin High Yield BondsAsia PacificLevFinEmerging Markets
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Addison Gong
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