Citic Guoan woes continue, Macrolink falls victim to virus
GlobalCapital, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Asia

Citic Guoan woes continue, Macrolink falls victim to virus

Arrow_chart_decline_yield_Adobe_575x375_280120

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.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article