China’s National Business Daily reports on another company bond default (via MNI):
- Cites a document from Zheshang Securities
- The bond underwriter, Huzhou Jintai Science and Technology defaulted on its privately placed bonds which matured on July 10
- The private firm failed to repay investors CNY30 million principal and CNY3 million interest at maturity
- The default was disclosed this week because it was privately-placed
- The bond was sold to six investors
