judy kwok-cheung

A Chinese ham producer has come up with an innovative way to pay its creditors. Some holders of its debt will now receive its pork products instead of interest payment.(Representative Image/Reuters File Photo)

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.
Story Saved