home Latest News Group Backed by Top Chinese University Fails to Repay Creditors – The Wall Street Journal

Group Backed by Top Chinese University Fails to Repay Creditors – The Wall Street Journal

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A company tied to a prestigious Chinese university failed to repay some bondholders on time, the latest upset to roil a market grappling with rising and less predictable defaults.

Peking University Founder Group didn’t pay holders of 2 billion yuan (US$284 million) of 270-day notes due Monday, due to tightening liquidity, it said in an official filing.

On…