According to chinamoney.com, Yango Group Co.Ltd(000671) announced on January 29 that the first phase of the company's 2021 medium-term note (bond abbreviation: 21 Yango Group Co.Ltd(000671) mtn001) should pay interest on January 29, 2022. However, due to the great pressure of the company's recent debt repayment fund-raising, the company failed to raise sufficient funds as agreed by the end of the interest payment date, and the current medium-term note could not pay interest on schedule.
Yango Group Co.Ltd(000671) said that due to the great pressure on the company's recent debt repayment fund-raising, the holders' meeting of the current medium-term notes was held on January 26, 2022, and the proposal of interest extension was not passed. By the end of January 29, 2022, the company has failed to raise sufficient funds for repayment as agreed. Therefore, the current medium-term notes cannot pay the interest on schedule.
The announcement shows that the issuance amount of "21 Yango Group Co.Ltd(000671) mtn001" is RMB 580 million, the issuance time is January 28, 2021, and the term is 2 + 2 years.
