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Bond Market News
Times China, Zhenro, KWG Dollar Bonds Drop Sharply
November 3, 2021
Dollar bonds of Chinese property developers continue to trade weaker. Some bonds of Times China, Zhenro and KWG fell over 10% while most were down over 6% yesterday. The mayhem across the sector continues more a couple of months after Evergrande’s troubles with new casualties like Modern Land (China) defaulting just a week ago.
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