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Bond Market News
GLP China’s Dollar Bonds Rally
February 5, 2025
GLP China’s dollar bonds rallied by over 2 points. While there was no clear news available yet detailing the move, this comes on the back of the surge higher in distressed dollar bonds of China Vanke and NWD. Last week, NWD’s bonds saw a rally on the back of the company announcing that it was in negotiations to sell its K11 mall. Similarly, Vanke’s bonds also saw a strong rally after the company appointed Xin Jie as its new Chairman and local media reported that Shenzhen government was planning to inject capital via Shenzhen Metro Group to improve its financing potential in supporting Vanke.
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