Silent Bond Default by Yanbian Rural Bank Sparks Market Concern Amid Restructuring

Silent Bond Default by Yanbian Rural Bank Sparks Market Concern Amid Restructuring

Silent Bond Default by Yanbian Rural Bank Sparks Market Concern Amid Restructuring - Investors left in the dark as Jilin lender skips interest payment with no explanation; fallout raises questions over regulatory oversight

Yanbian Rural Bank defaults on interest payment

The Yanbian Rural Bank in northeastern China’s Jilin province has quietly defaulted on an interest payment for a public bond, reports Caixin. The bank failed to notify investors, fueling fresh concerns about the health of the country’s small banks. The bank missed a scheduled Nov 22 interest payment on a RMB 300 million ($42.4 million) […]