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Published on 1/6/2023 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Prospect News reports two new defaults for Dec. 29-Jan. 4

By Sarah Lizee

Olympia, Wash., Jan. 6 – Prospect News reported two new defaults for the period of Dec. 29 through Jan. 4.

Specifically, Prospect News reported a missed principal and interest payment on Sunkwan Properties Group Ltd.’s 13½% notes due Jan. 2, 2023 and a missed interest payment on Limestone Boat Co.’s debentures.

Prospect News also reported a missed payment on Yida China Holdings Ltd.’s 12% senior notes due April 30, 2025, but the company had already defaulted several times.


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