Investor: Did not receive interest payments on Road King US dollar bonds during the grace period.

date
14/08/2025
On August 13th, several investors stated that they did not receive the interest on "Lu Jin 5.22029-07-12" within the specified period. This means that Lu Jin, facing liquidity difficulties, has defaulted. "Lu Jin 5.22029-07-12" is a USD bond issued by Lu Jin on January 12, 2021, with an amount of $500 million and a remaining balance of $435 million. The bond pays interest on July 12th and January 12th each year, with holidays being postponed. The most recent interest payment date should have been July 12th, with a 30-day grace period, meaning that Lu Jin should have paid by August 12th at the latest.