Fresh China bond default flags worries over weak state-backed borrowers
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.
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.
Posted by Reuters
