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Economy
1 MIN READ
Chinese developer Sunac misses bond repayment
May 12, 2022
By Reuters
By Reuters
HONG KONG, May 12 (Reuters) – Sunac China 1918.HK did not make an interest payment on a $750 million offshore bond by the time a grace period expired, the company said in a statement on Thursday.
It had been due to pay $29.5 million in interest on the October 2023 bond that was required to be repaid last month.
(Reporting by Scott Murdoch; Editing by Tom Hogue)
This article originally appeared on reuters.com