Tahoe warns investors of more missed payments

By Addison Gong
15 Jul 2020

Chinese real estate developer and defaulter Tahoe Group Co has told lenders and bond investors not to expect payment as the company grapples with a difficult restructuring.

Tahoe defaulted on a Rmb1.5bn ($213.4m) 7.5% medium-term note (MTN) last week, when the bond was due to mature. The company blamed a number of factors, including a downturn in the real estate sector and the impact of the Covid-19 coronavirus.

It gave investors a further update ...

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