Chinese Coal Miner’s Rising Financing Costs Flag Debt Concerns
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Hidili Industry International Development Ltd., a Chinese coal miner, reported rising debt-servicing costs yesterday, flagging concerns about borrowing levels in the nation as it clamps down on smokestack industries. Bond risk in Asia climbed.
Financing costs at Hidili, whose $400 million of 2015 bonds fell to as low as 55.5 cents on the dollar this month, jumped to