Bond default avoided as local government repays debt to issuer
The principal and coupon default risk that Huatong Road & Bridge Group had warned of last week failed to happen on Wednesday, when the Chinese borrower's local government made a payment that it owed the company, according to bankers.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts