Huarong Wires Funds for $900 Million, 500 Million Yuan Bonds
- Transfers mark the latest debt payment met by the company
- Asset manager has been under scrutiny since results delayed
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China Huarong Asset Management Co. has transferred funds to repay a $900 million bond maturing June 3, according to a person familiar with the matter.
The asset management company wired funds for the principal and interest of the 3.25% bond to a trustee account, said the person, who asked not to be identified as the matter is private.