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GC Asia
Chinese telco warns over put repayment risk
Dr Peng Telecom & Media Group Co, a Chinese company with an international bond that falls due in two months, has told domestic investors it might not be able to redeem a Rmb1bn ($141.7m) onshore bond, after investors decided to put the deal.
The company expects to report a loss of at least Rmb5bn for the full year 2019. It said in a Wednesday morning filing that it was not certain it would be able to source enough funds to repay a puttable bond. That Rmb1bn 7% five year note was
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Latest news from GlobalCapital China
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Further Reading
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Securitization
SAIC-GMAC preps rapid auto ABS return
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Regulation & Policy
The week in review: China stresses debt management, corporate governance at banks, Stock Connect to include Star shares next month, Guangzhou Futures Exchange approved
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Bonds
ADB readies long-awaited Panda return
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Bonds
QNB taps CNH liquidity for Rmb1.5bn bond
