Fresh China bond default flags worries over weak state-backed borrowers
08 Dec Fresh China bond default flags worries over weak state-backed borrowers
Posted at 06:30h
in
News
by KMFSLLP
A state-owned
enterprise (SOE) in China’s northern province of Inner Mongolia
defaulted on part of a 1 billion yuan ($142.1 million)
privately-issued bond over the weekend, the latest in a string
of corporate delinquencies that has raised concerns about
contagion risk as the economy slows.
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