Here's Why The Market Is Shrugging At TBE's "Promise" Not To Default In July
March 14, 2014 at 05:51 AM EDT
The "good" news this evening is that Baoding Tianwei Baobian Electric Co (TBE), the company which as recently as two days ago was rumored to be the second "imminent" Chinese corporate bond default which sent copper to multi year lows, has issued a statement that it will not default on its upcoming interest payment.