Bloomberg over the weekend on Friday news of a missed payment from a Chinese state-backed borrower
- a dollar bond
- Qinghai Provincial Investment Group Co. is an aluminum producer
- failed to wire funds for a coupon payment due Feb. 22
Bloomberg citing according to an official at QPIG.
Qinghai was seen as a bellwether for assessing government support due to its struggles to make payments on offshore debt last year.
