China Huarong Wires Funds for $300 Million Bond Due Thursday
A pedestrian walks past the China Huarong Tower, which houses the headquarters of China Huarong International Holdings, a unit of China Huarong Asset Management, center, in Hong Kong.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
China Huarong Asset Management Co. has transferred funds to repay a $300 million bond maturing Thursday, according to a person familiar with the matter.
The state-owned distressed debt manager wired funds for the 3.3% bond due May 20 to the trustee account last week, said the person, who asked not to be identified as the matter is private.