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Published on 8/13/2021 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Prospect News reports one new default for Aug. 5-Aug. 11 period

By Sarah Lizee

Olympia, Wash., Aug. 13 – Prospect News reported one new default for the week of Aug. 5 through Aug. 11.

Specifically, Prospect News reported a missed interest and principal payment on Sunshine 100 China Holdings Ltd.’s 6.5% convertible bonds.

So far in 2021, Prospect News has reported 101 defaults, including 69 Chapter 11 filings, 12 missed interest payments, five Chapter 15 filings, three each of Chapter 7 filings and missed interest and principal payments, two missed principal payments, and one each of Companies’ Creditors Arrangement Act filings, Canada Business Corporations Act filings, safeguard proceedings and schemes of arrangement.


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