HNA offshore unit closes in on liquidity crunch as deal spree turns grim

The HNAGroup Co. building stands in Beijing, China, on Wednesday, Aug. 9, 2017. Photographer: Qilai Shen/Bloomberg via Getty Images

The short-term debts of HNA Group’s main offshore fundraising arm are close to outstripping its ability to meet them, according to figures provided in documents for the acquisitive Chinese conglomerate’s most recent bond deal, where the unit paid almost 9 percent for a one-year loan.

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