Qinghai Provincial defaults on dollar bond

Morgan Davis

April 17, 2020 09:15 am

Aluminum_PAImages_17April — (200305) -- HARBIN, March 5, 2020 (Xinhua) -- A staff member works at the workshop of the Northeast Light Alloy Co., Ltd. in Harbin, northeast China's Heilongjiang Province, March 5, 2020. After the novel coronavirus outbreak, the Northeast Light Alloy Co., Ltd. of the Aluminum Corporation of China has made efforts to ensure the supply of alloy products. The production of the high-end alloy has increased by 80.3 percent year-on-year and 89.6 percent month-on-month in February. (Xinhua/Wang Song) | Wang Song/Xinhua News Agency/PA Images

Chinese local government financing vehicle (LGFV) Qinghai Provincial Investment Group Co has missed a coupon payment on a dollar bond yet again as its financial troubles continue.

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Topics

China Corporate Bonds High yield Asia Greater China Northeast Asia Loans and High Yield LevFin High Yield Bonds Asia Pacific LevFin Emerging Markets

MD

Morgan Davis

Deputy editor GlobalCapital Asia