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Bond Market News
eHi Car Services’ Dollar Bonds Rise by 4.7 Points
December 2, 2024
eHi Car Services’ 7% dollar bonds due 2026 rallied by 4.7 points, to 68.5 cents on the dollar from 63.8 on Friday. The notes have been trending lower since March, falling from a peak of over 89 cents on the dollar. There was no news available yet regarding the rally in its notes. In March, eHi Car Services raised $325mn via a 3.5NC1.5 bond at a yield of 13.471%. The proceeds were used to fund a concurrent exchange offer at the time with respect to its then 7.75% 2024s and to optimize its debt structure.
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