Chinese Borrowers Face Fresh Tests as Debt Reprieve Nears End
- At least 10 firms to meet new bond deadlines in coming months
- Companies using debt reprieve are in reality in default: ANZ
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Chinese firms that delayed debt payments during the coronavirus crisis are about to get the check.
At least 10 companies will face fresh repayment tests on a combined 10.68 billion yuan ($1.5 billion) of bonds over the next two quarters or so, after they postponed maturities or swapped old debt for new notes to alleviate immediate pressure earlier this year.