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GC Asia
Dongxu Optoelectronic defaults after partial bond extension
China’s Dongxu Optoelectronic Technology Co was unable to fully repay a five year renminbi bond that matured on Tuesday, after failing to convince all the investors to back an extension plan. Its parent, technology conglomerate Tunghsu Group, has a dollar deal maturing next month.
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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
