Zhenro Defaults for First Time After Missing Bond Payments
- China builder says missed payments are events of default
- The company warns it may miss three more dollar note coupons
This article is for subscribers only.
Sign up for Next China, a weekly email on where the nation stands now and where it's going next.
Zhenro Properties Group Ltd. defaulted for the first time after the debt-laden Chinese developer said it was unable to pay interest on two dollar bonds before a grace period ended Saturday.