WRAPUP 1-China set for first state-owned firm to default on bond

April 21, 2015 8:43 AM

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* Firm warned investors on April 16 about possibly missing payment (Adds comments, parent company response, Kaisa and Glorious Property)

SHANGHAI, April 21 (Reuters) - China looks set to see its first default by a state-owned firm after Baoding Tianwei Baobian Electric Co Ltd said it had not raised enough funds to make a bond interest payment due on Tuesday.

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