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Bond Market News
Central Plaza’s Dollar Bonds Rally By 9 Points
November 8, 2023
Central Plaza’s dollar bonds have jumped by over 9 points this week. While there was no specific news observed regarding the company, this comes at a time when China has indicated increased support to companies. In a high-level financial meeting in late-October, China signaled support for property developers and resolving local government debt problems. In recent months restrictions have been eased on home purchases and supporting developers in finishing construction of apartments sold ahead of completion. Central Plaza’s 5.75% Perp jumped by 6.7 points to 84.5 cents on the dollar, yielding 23.9%.
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