Refi risk resurfaces at Ruyi as govt backing falls through

Shandong Ruyi_clothing_factory_575px_Adobe_2June20
By Addison Gong
02 Jun 2020

Chinese bond issuer Shandong Ruyi Technology Group is back in the spotlight after a local government financing vehicle (LGFV) pulled out of a planned Rmb3.5bn ($491m) purchase of the clothing company’s shares, putting pressure once again on its looming maturities.

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