A Chinese developer of real estate projects that use green technologies has become the latest builder to miss debt payments, just as defaults from the nation’s borrowers on offshore bonds jump to a record . Modern Land China Co. , which is based in Beijing and builds energy-saving homes throughout the nation, didn’t repay either the principal or interest on a $250 million bond due Monday, according to a filing Tuesday morning. The company is working with its legal counsel Sidley Austin and expects to engage independent financial advisers soon, the filing said. Modern Land tried divestitures, borrowing and adding strategic investors before not making the payment, reported Chinese financial platform Cailian. Chinese borrowers have defaulted on a record of at least $8.7 billion of offshore bonds so far this year, with the real estate industry accounting for one-third of that amount. That’s come as authorities clamp down on […]