A state-owned infrastructure company in the northern Chinese city of Hohhot has failed to repay interest on a 1 billion yuan ($142.1 million) bond, Caixin has learned, marking another potential default by a Chinese local government financing vehicle (LGFV).
Another Local Government Financing Vehicle Fails to Pay Bond Interest
2019年12月09日 21:00
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财新网
State-owned infrastructure company in Hohhot fails to pay interest on 1 billion yuan bond
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- A welder works on a railway in Hohhot, North China's Inner Mongolia autonomous region on Oct. 14, 2018. Photo: VCG
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