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ChinaChina Bonds

Beleaguered HNA defers onshore perp coupon

money_cash_default_wallet_Adobe_575px_17Jun20

Cash-strapped Chinese conglomerate HNA Group is once again deferring interest payments on a domestic perpetual bond. The move comes amid rising expectations of more coupon delays and failure by borrowers to redeem their onshore perps on the call dates, writes Addison Gong.

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