July 11, 2018 / 9:50 AM / 3 months ago

Inner Mongolia Berun Group warns of default risk on medium-term note

SHANGHAI, July 11 (Reuters) - Inner Mongolia Berun Group Co said on Wednesday that it was uncertain of its ability to make interest and principal payments on a medium-term note totaling 856 million yuan ($128.32 million).

The manufacturer of coal and natural gas chemicals said it was actively considering methods to raise funds, but that tight finances meant there was a risk it would not be able to make the payments. The company’s 5-year medium-term note matures July 18. ($1 = 6.6710 Chinese yuan) (Reporting by Andrew Galbraith; Editing by Himani Sarkar)

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