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Actionable news in YGE: YINGLI GREEN ENERGY HOLDING COMPANY LIMITED,

Default Looms for Chinese Solar Company

The bonds of a solar firm that may become China’s latest default plunged to record lows, adding to warning signs in the nation’s debt market after a tumble in stocks four months ago.

Baoding Tianwei Yingli New Energy Resources Co.’s 1 billion yuan ($157.9 million) of 2015 bonds fell to 46.2 percent of face value Monday, the lowest since their issuance in 2010, according to Chinabond prices. The company owes 1.057 billion yuan of principal and interest on the notes Tuesday. It last week flagged plans to sell idle land to raise the funds for repayment, but said it won’t get that transaction done in time.

Slowing economic growth is adding to strains in China’s 42.2 trillion yuan bond market, which has had four defaults this year including China National Erzhong Group, according to China International Capital Corp. Sausage maker Nanjing Yurun Foods Co. said Monday it’s not sure if it can repay a note due next week...


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