Chinese Developer Shimao Fails to Make Bond Payments

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Bloomberg Markets and Finance published this video item, entitled “Chinese Developer Shimao Fails to Make Bond Payments” – below is their description.

Shimao Group Holdings Ltd., China’s 14th-biggest developer by contracted sales last year, said it couldn’t pay a $1 billion dollar note that matured Sunday.

Annabelle Droulers reports on Bloomberg Television.

Bloomberg Markets and Finance YouTube Channel

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