Chinese telco warns over put repayment risk

risk
By Addison Gong
08 Apr 2020

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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