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地方政府的兜底,掩盖了即将暴露的信用违约风险。备受关注的山东海龙股份有限公司(下称“山东海龙”)2011年度第一期短期融资券,在到期兑付日(2012年4月16日)来临之际,顺利向债券持有人如期兑付。据市场交易员透露,山东海龙正常兑付了评级为C级的本期短期融资券,兑付本息合计4.232亿元(4亿元本金及0.232亿元利息)。至此,2011年四季度以来一直聚焦在镁光灯之下的山东海龙垃圾债兑付事件基本落下帷幕。作为中国债券市场上罕见的垃圾级
The leaks of local governments cover the credit default risk that is about to be exposed. The first tranche of short-term financing bills for 2011 of Shandong Dragon Co., Ltd. (hereinafter referred to as “Shandong Hailong”), which attracted much attention, was successfully held to the bonds on the expiration of the maturity date (April 16, 2012) People pay on time. According to market traders, Shandong Hailong normally honored the current short-term financing coupons with a grade C rating and repay a total of 422.2 million yuan (400 million yuan of principal and 0.232 billion yuan of interest). At this point, since the fourth quarter of 2011 has been focused under the spotlight in Shandong Hailong junk bond event basically came to an end. As a rare junk on the Chinese bond market