China's Peking Founder unable to repay overdue bond amid restructuring: sources

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China's Peking Founder unable to repay overdue bond amid restructuring: sources
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China's Peking University Founder Group [PEKIN.UL] was unable to repay an o...

FILE PHOTO: People cycle past a building in Peking University in Beijing, China, July 27, 2016. REUTERS/Thomas Peter/File Photo

The repayment date for the 2 billion yuan worth of short-term commercial paper, which was originally due on Dec. 1, had been extended to Feb. 21.

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