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  • av_timer51d ago in #GlobalVillage
    Two China Firms Miss $526 Million Bond Payments as Woes Grow

    Two China Firms Miss $526 Million Bond Payments as Woes Grow

    (Bloomberg) -- Two Chinese companies failed to repay bonds worth a combined half a billion dollars on Monday, underscoring rising debt risks in the highly leveraged nation as the economy slows. Peking University Founder Group was unable to secure sufficient funding to repay a 270-day, 2 billion yuan.

    H/T: Bloomberg

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