China Minsheng Investment Group. Photo: Sina

China Minsheng Investment says it cannot repay the principal and interest on US$500 million of bonds as its debt woe deteriorates

  • China Minsheng Investment Group’s offshore unit said in a filing that it won’t be able to repay the principal, as well as the interest on the 3.8 per cent US$500 million bond due August, after considering its liquidity and performance
  • On Thursday, the property-to-financial conglomerate announced it only managed to repay part of the principal on a 6.5 per cent 1.46 billion yuan note
Topic |   Bonds

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China Minsheng Investment Group. Photo: Sina
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