Chinese issuer avoids default — or does it?

coal_adobe_230px
By Addison Gong
04 Mar 2020

Has Zhongrong Xinda Group Co, a Chinese bond issuer, missed a coupon payment? That was the impression given by the Shanghai Clearing House this week. But on the same day, the issuer said it had, in fact, repaid the money — privately.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial