BEIJING Dec 9 Six Chinese banks, including Bank
of China, have signed a debt restructuring deal with
Sinosteel, the troubled Chinese steelmaker which became one of
the first state-owned firms to encounter bond repayment problems
Bank of China outlined details of the agreement with
Sinosteel in a statement on Friday.
The first phrase of restructuring will be for more than 60
billion yuan ($8.70 billion) of debt, it said.
($1 = 6.8994 Chinese yuan renminbi)
(Reporting by Josephine Mason and Beijing newsroom; Editing by