Chinese Energy Firm Pushes Fresh Debt Revamp After Payment Delay
Huachen Energy Co. plans to present a proposal to restructure its bonds, including $627 million in dollar-denominated notes, to investors as early as August, according to people familiar with the...
By Jackie Cai · Bloomberg Markets
Huachen Energy Co. plans to present a proposal to restructure its bonds, including $627 million in dollar-denominated notes, to investors as early as August, according to people familiar with the matter, as the Chinese power producer makes a fresh bid to ease liquidity pressure.