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Repayment of Yango’s 7.8% November 2021 bond, with an outstanding value of 636.5 million yuan ($99.45 million) will be extended by one year, the sources said. The agreement follows a deal reached this week to extend principal payments on onshore asset-backed securities redeemable in November.
Yango Group declined to comment.
($1 = 6.4000 Chinese yuan renminbi)
