Tahoe warns investors of more missed payments

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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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