Chinese Luxury Developer Fantasia Fails to Repay $206 Million Dollar Bond

SINGAPORE— Fantasia Holdings Group Co. , a developer of luxury apartments successful China, said it didn’t marque a $206 cardinal U.S. dollar enslaved outgo that was owed Oct. 4, adding to the malaise surrounding the country’s highly indebted spot companies.

The company, which similar China Evergrande Group is based successful Shenzhen, said precocious Monday that it didn’t wage the outstanding main connected a 7.375% enslaved which it issued successful 2016. Fantasia primitively sold $500 cardinal of this indebtedness and earlier this twelvemonth bought backmost immoderate of the securities.