Chinese developer Yuzhou Group Holdings said its liquidity crisis has made it impossible to service bond payments due this week. Photo: Handout
Chinese developer Yuzhou Group Holdings said its liquidity crisis has made it impossible to service bond payments due this week. Photo: Handout

Chinese developer Yuzhou warns of bond defaults amid mounting liquidity crisis

  • Yuzhou said it will not repay untendered notes due Tuesday, after missing payment on another bond tranche on Sunday
  • Yuzhou said it will relaunch an exchange offer for the notes and maintain active communication with investors

Chinese developer Yuzhou Group Holdings said its liquidity crisis has made it impossible to service bond payments due this week. Photo: Handout
Chinese developer Yuzhou Group Holdings said its liquidity crisis has made it impossible to service bond payments due this week. Photo: Handout
READ FULL ARTICLE