One more Chinese property developer missed dollar bond payment, regulators meet companies over foreign debts

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Chinese property developer Modern Land (China) Co Ltd said it had missed a debt payment, the latest in the struggling sector to default on offshore bonds, adding to worries about spiralling effects of the debt crisis at China Evergrande Group.

Modern Land said in a filing to the Hong Kong Stock Exchange on Tuesday that it had not repaid principal and interest on its 12.85 per cent senior notes that matured on Monday due . . .

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