Commodities Rally Helping Borrowers

Bloomberg: China Coal Firm Makes Bond Payment It Missed as Market Improves
A Chinese coal company made a full bond payment it missed in June, in another sign that conditions are improving in the onshore note market this month.

Sichuan Coal Industry Group LLC, based in the southwestern province of Sichuan, said it transferred all the money to a custodian agency Wednesday, according to a statement on Chinamoney website. The funds include 1.057 billion yuan ($159 million) for principal and interest and 9.325 million yuan for a penalty fee, the statement said.

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