There is an increasingly worrying trend of Chinese aluminium manufacturers defaulting on their corporate bond interest payments. The companies have now defaulted on at least CNY20.1bn ($ 3.19bn ) in China bonds and 3.19bn in dollar debt for 600 million , up 40% YoY.
There is an increasingly worrying trend of Chinese aluminium manufacturers defaulting on their corporate bond interest payments. The companies have now defaulted on at least CNY20.1bn ($3.19bn) in yuan bonds and $350m in dollar debt for H1 2018, up 40% YoY.