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bank of singapore
]
These Chinese bondholders are being paid in ham instead of cash
Bloomberg | By Carrie Hong and Ina Zhou
UPDATED ON NOV 09, 2018 09:35 AM IST
The announcement came after the Chinese company failed to repay 500 million yuan local bonds due November 5 amid a cash crunch resulting from a drop in demand for pork products thanks to the spread of African swine fever.