Two Large Chinese Borrowers Miss Bond Payments, Sources Say
- China Minsheng Investment bondholders said to not get paid
- Defaulter Wintime is said to miss debt payment milestone
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Two large Chinese borrowers missed payment deadlines this month, underscoring the risks piling up in a credit market that’s witnessing the most company failures on record.
China Minsheng Investment Group Corp., a private investment group with interests in renewable energy and real estate, hasn’t returned money to bondholders that it had pledged to repay on Feb. 1, according to people familiar with the matter. And Wintime Energy Co., which defaulted last year, didn’t honor part of a restructured debt repayment plan last week, separate people said.