Thu 09/16/2021 05:28 AM
Two days before a $14 million coupon is due on Sept. 18 under its $500 million 5.625% notes due 2022, Chinese state-owned coal producer Chongqing Energy Investment Group has provided little clarity on its payment plans and instead has simply told investors to wait for a company announcement, according to a source close to the company and a bondholder.
Chongqing Energy also has provided no timeline on its debt resolution, other than saying that it is still working on a comprehensive plan,
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