ZhengTong surprises with missed payment on $380m loan

Pan Yue

July 21, 2020 10:30 am

Auto_ABS_AdobeStock_575x375_03March20 — Rows of cars parked on the roadside in residential district | bilanol - stock.adobe.com

China ZhengTong Auto Services Holdings, a luxury auto dealership, surprised bankers this week after missing a principal payment on a dollar loan. Pan Yue reports.

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Syndicated Loans China Hong Kong SAR Asia Greater China Morgan Stanley Northeast Asia Loans and High Yield Asia Pacific LevFin Leveraged Loans Emerging Market Loans LevFin Leveraged Loans Emerging Markets

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Pan Yue

Loans reporter GlobalCapital Asia