Company has missed a coupon payment on a dollar bond

  • Qinghai Provincial Investment Group

Says Bloomberg, coupon came due Thursday on a $300 million 2020 note, according to a person familiar with the matter.

  • It is in talks with financial institutions for funds to make a delayed payment, said the person

Qinghai Provincial missed a semi-annual coupon payment on the same bond in February, citing insufficient cash, only to repay a few days later.

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Sign of tight finances in China? Need for further debt restructuring?