More than a year later, China's urban investment bonds defaulted again, and private equity 16 call and economic development ppn001 failed to pay interest on time on Friday, but the latest progress of the incident has turned. News from both the company and the market showed that the interest and part of the sale back principal of the bond were on the way to payment.
Inner Mongolia Hohhot Economic and Technological Development Zone Investment and development group company confirmed on Monday that the company's private debt issued by 16 Hu and ppn001, through the development of interest payment default, the company is negotiating to deal with, "should have been paid."
According to a notice circulated over the market weekend, which was titled as the inter-bank market clearing house Co., Ltd. (Shanghai clearing house), December 6 (last Friday) was the execution date and interest payment date of the resale exercise right of the 16 call and Jingkai ppn001 investors. As of the end of the day, the Shanghai clearing house has not received the funds for the payment of interest, so it is temporarily unable to carry out the payment of interest on behalf of the exercise party.
At present, there is no relevant announcement published on the website of Shanghai clearing house; Reuters called Shanghai clearing house and said only that the website of the company shall prevail.
16 Hohhot Economic Development ppn001 is a non-public directional debt financing instrument issued in the inter-bank bond market. The issuer is Hohhot Economic and Technological Development Zone Investment and Development Group Co., Ltd. the issue scale of the bond is 1 billion yuan, with a term of five years (3 + 2, with the option of the investor's resale at the end of the third year). The coupon rate is 6.80%, and the main underwriter is Hengfeng bank.
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