Sichuan Languang Defaults on Onshore Bond; Plans Dollar Bond Talks
Chinese property developer Sichuan Languang has joined the list of defaulted Chinese developers after it failed to repay its local CNY 900mn ($139mn) 7.5% 2021s that matured on Sunday. The default comes after the company failed to raise capital for the repayment and...
Sichuan Languang Reports Liquidity Crunch, Uncertain on Paying Local Bond
Sichuan Languang and its subsidiaries reported $383mn of overdue debt due to a liquidity crunch, involving both bank and trust loans; however, not in bonds or other debt instruments. The property developer announced that it was uncertain whether its local CNY 900mn...
Sichuan Languang’s Bonds Plummet Further on Liquidity Concerns
Chinese real estate developer Sichuan Languang Development Co. saw its dollar bonds, issued by Hejun Shunze Investment, plummet 7-10 points on Friday as investor concerns continue to build up over the company’s liquidity position. It’s 8.85% bonds due...
