12
Dec
03:50
Sinosteel signs $8.7 billion debts reorganisation agreements
China's state-owned Sinosteel held on 9 December a debt reorganisation ceremony at the headquarters of Bank of China (BOC). Sinosteel received approval for a debt reorganisation in September after years of growing financial costs and delayed bond repayments, Kallanish notes.
According to the announcement published by BOC, it and the Bank of Communications, Shanghai Pudong Development Bank, Agricultural Bank of China, China Development Bank and The …
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