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Bond Market News
Chinese Developers’ Bonds Fall Sharply on Evergrande Spillover Risks
September 17, 2021
Chinese high-yield property developers’ dollar bonds were down sharply as concerns on Evergrande only worsen with contagion risks on the cards. Fantasia’s dollar bonds were the worst hit, falling as much as 12 cents on the dollar, Yango Group’s bonds fell upto 7 cents, Kaisa’s and R&F Properties’ fell ~4 cents and Aoyuan’s dropped over 2 cents.
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