CHINA DEFAULT: China Fortune Land, Languang Missed Payments

Aug. 9, 2021, 2:34 AM UTC

New onshore corporate bond defaults have reached 161.5b yuan ($24.98b) so far this year, including 29 private and 88 public offerings.

  • Languang Development missed repayments on four notes
  • HNA Capital missed one note repayment due to the bankruptcy restructuring
  • Year-to-date, offshore corporate-bond defaults have totaled to $7b, data compiled by Bloomberg show, including 12 dollar-denominated bonds and three euro-denominated bond
    • CFLD missed one dollar bond due July 31
  • What’s next:
    • China Oceanwide Holdings Group 1b yuan bond due on Aug. 8
    • Interest on Tsinghua Holdings 2.5b yuan bond due on Aug. 8
    • Beijing Orient Landscape 421.11m yuan bond due on ...









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