On September 29, Tahoe Group Co., Ltd. issued an announcement disclosing the default status and subsequent progress of the “17 Tahoe MTN001” and “17 Tahoe MTN002” bonds. According to the announcement, the two bonds “17 Tahoe MTN001” and “17 Tahoe MTN002” issued by Tahoe Group Co., Ltd. have all defaulted. Among them, the “17 Tahoe MTN001” issuance scale was 1.5 billion yuan, with a coupon interest rate of 7.5%, and the starting date was July 5, 2017; the “17 Tahoe MTN002” issuance scale was 2 billion yuan, the coupon interest rate was also 7.5%, and the starting date was September 8, 2017. Both bonds have a 3-year term, interest is paid annually, repaid once at maturity, and there is no guarantee. Currently, Tahoe Group Co., Ltd.'s principal and debt ratings are C, and the rating outlook is “negative”. The company has a large amount of matured and unrepaid loans, amounting to 81,963 billion yuan, and the total amount of external guarantees exceeds 100% of the most recent audited net assets.

On September 29, Tahoe Group Co., Ltd. issued an announcement disclosing the default status and subsequent progress of the “17 Tahoe MTN001” and “17 Tahoe MTN002” bonds. According to the announcement, the two bonds “17 Tahoe MTN001” and “17 Tahoe MTN002” issued by Tahoe Group Co., Ltd. have all defaulted. Among them, the “17 Tahoe MTN001” issuance scale was 1.5 billion yuan, with a coupon interest rate of 7.5%, and the starting date was July 5, 2017; the “17 Tahoe MTN002” issuance scale was 2 billion yuan, the coupon interest rate was also 7.5%, and the starting date was September 8, 2017. Both bonds have a 3-year term, interest is paid annually, repaid once at maturity, and there is no guarantee. Currently, Tahoe Group Co., Ltd.'s principal and debt ratings are C, and the rating outlook is “negative”. The company has a large amount of matured and unrepaid loans, amounting to 81,963 billion yuan, and the total amount of external guarantees exceeds 100% of the most recent audited net assets.