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Investor: Failed to receive the interest on the Road King US dollar bonds within the grace period.
Jin10 data reported on August 13th that multiple investors have stated that they did not receive the Interest for "Lujin 5.22029-07-12" (XS2281039771) within the stipulated time. This indicates that Lujin, which is facing Liquidity difficulties, has defaulted. "Lujin 5.22029-07-12" is a USD bond issued by Lujin on January 12, 2021, with an amount of $500 million and a remaining balance of $435 million. This bond pays interest on July 12 and January 12 each year, with holidays extended. The most recent interest payment should have been on July 12, and with a 30-day grace period, Lujin should have made the payment by August 12 at the latest.