Bohai Steel Pays 48 M Dim Sum Interest

March: China's Bohai Steel bonds off lows after restructuring report
Online financial magazine Caixin reported earlier this week that the Tianjin city government, which fully owns the steelmaker, has set up a committee to try to resolve its debt problems as the company was unable to make certain repayments.

The restructuring would be the biggest since the global financial crisis, said Standard & Poor's analyst Christopher Lee said.
Sohu: 渤海钢铁在违约到期前日缴清境外4800万元债券利息
Bohai Steel foreign debt default crisis temporarily subsided. Interface News reporter learned exclusively, Bohai Steel Group Co., Ltd. (hereinafter referred to Bohai Steel) management who recently traveled to Hong Kong to coordinate the company's overdue payment of 48 million yuan offshore yuan, "dim sum bonds" interest matters, and on June 15 that the day before the formal default, such interest will be paid to the creditor accounts.
The interest payment saves the ¥1.5 billion in dim sum bonds from default.

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