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