Chinese development firm to default on offshore debt, missing a $128 million interest payment on $500 million of debt to foreign investors
Expect this to seriously shake investors, and for this to affect a Chinese corporate sector that is already overleveraged and hungry for cash and investments.
Source: http://www.businessinsider.com/chinese-real-estate-default-rocks-junk-bonds-2015-1?utm_content=buffer74471&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
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