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Hong Kong developer Shui On’s dollar bonds fell over 10 points across the curve after it made a move to identify bondholders holding two dollar notes, raising market fears. The bonds in question are it 5.25% bonds due November 2023 and 5.25% bonds due August 2024 for which it has engaged Morrow Sodali. As per Bloomberg, this move by Shui On is said to have worried investors, noting that the decision could be a prelude to payment extensions. However, there was no details revealed by Shui On. An investor relations representative of Shui On said that its notice was “part of our IR engagement exercise”.