China's bond stresses mount as two more companies flag concerns

Shanghai

A CHINESE fertiliser maker and a pig iron producer have flagged bond payment difficulties, adding to signs of stress in the country's corporate note market after at least six defaults this year.

Jiangsu Lvling Runfa Chemical Co, based in the eastern city of Suqian, is asking its guarantor to repay 53.1 million yuan (S$11.7 million) in bond principal and interest due on Dec 4, according to a statement posted on China-money's website.