Prospect News reports no new defaults for March 18-March 24 period

By Sarah Lizee

Olympia, Wash., March 26 – Prospect News reported no new defaults for the week of March 18 through March 24.

Prospect News reported a missed interest and principal payment on Qinghai Provincial Investment Group Co. Ltd.’s 7 7/8% bonds due March 22, 2021, but the company had defaulted before with a restructuring, missed interest payments and a missed principal payment.

So far in 2021, Prospect News has reported 48 defaults, including 35 Chapter 11 filings, four Chapter 15 filings and missed interest payments and one each of Companies’ Creditors Arrangement Act filings, Chapter 7 filings, missed interests and principal payments, missed principal payments and safeguard proceedings.

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