July 6, 2018 / 4:22 AM / 12 days ago

China's Wintime Energy defaults on bond payments, triggers cross-guarantee

SHANGHAI, July 6 (Reuters) - China’s Wintime Energy Co. said it had failed to make principal and interest payments on its commerical paper due July 5, and was in “material default”.

In a statement posted to the website of the Shanghai Clearing House, the company said the default had triggered a cross-guarantee on short-term commercial paper issued by its parent, Wintime Group Co.

The Shanghai Clearing House said on July 5 it had not received interest payments from Wintime Energy. (Reporting by Andrew Galbraith Editing by Eric Meijer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below