Sino-Forest bondholders may face 100% write-down
Sino-Forest bondholders could face a near-100% write-down on their investment as the company received a default notice on two of its bonds after failing to file third-quarter results on time.
That followed the company's decision not to make a $10 million interest rate payment on one of its bonds, Reuters reported. Sino-Forest has been under pressure since June when short-seller research firm...
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