HNA Group navigated choppy waters during the first quarter of the year, making it through a cash shortfall of more than $2 billion. The conglomerate’s biggest lifeline came from Chinese banks, which resumed lending to the company in February. Its bonds rallied and last week the company settled about $475 million in outstanding fuel bills. “The cash is flowing again,” one person familiar with the company told the FT. But while the debt-laden Chinese conglomerate […]
source https://therealdeal.com/2018/03/26/chinese-banks-lending-to-hna-group-again/
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