Guosen rejects dim sum bond default claims

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By Carrie Hong
31 Mar 2016

Guosen Securities (Overseas) Company has denied that an event of default had taken place with regards to its dim sum bonds on Thursday, just days after the broker had issued a notice saying otherwise.

GlobalRMB reported on March 30 that BNY Mellon, which is the trustee of Guosen's CNH notes, had sent out a notice to bondholders on March 23, which stated that Guosen had informed it that part of the keepwell deed attached to its CNH bonds due 2017 is no ...

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