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Finance & Markets

China LGFV Says It Can Repay Debt as Bond Sale Hits Snag

A Chinese municipal borrower said it has enough funds to repay 1.08 billion yuan ($160 million) in offshore notes due next week, after people familiar with the matter said a plan to refinance that debt with a new bond sale had been delayed.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Fire destroys Chevrolet Cruze at La Town Park

A Chevrolet Cruze was completely destroyed after it caught fire at La Town Park (McDan) in the La Dade-Kotopon Municipality on Saturday, August 1, prompting a response from firefighters at the Trade Fair Fire Station, who successfully prevented the blaze from spreading to nearby structures and vehicles.

More from Monday 3 August →