by bondevalue | May 3, 2021 | China, High Yield Bonds
Ping An Insurance Group through its Ping An Life unit will lead the restructuring of Peking University Founder Group (PUFG) along with two municipal governments in the southern province of Guangdong. PUFG is a state owned conglomerate founded by Peking University that...
by bondevalue | Apr 29, 2021 | China, Distressed / Defaulted Bonds
Distressed Peking University Founder Group (PUFG), backed by state-owned Peking University, is said to be considering a debt restructuring plan that would involve a 70% haircut for unsecured creditors, as per people familiar with the matter reported by Bloomberg. The...
