This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Bond Market News
More Chinese Property Developers’ Bonds Fall
July 30, 2021
Dollar bonds of other Chinese property developers (ex Evergrande) fell over 3% on Thursday. Growing concerns over Evergrande coupled with Beijing’s crackdown seem to be having a ripple effect on other Chinese developers’ bonds including names such as Kaisa, R&F Properties and Zhenro Properties. All three companies are single-B rated names. While Kaisa and Zhenro meet all the three red lines thresholds, R&F breaches two. For a report on widening spreads of Chinese developers’ dollar bonds and three red lines calculations, click here. Besides these three issuers’ bonds, Greenland’s dollar bonds also traded weaker with its 5.875% bonds due 2024 falling 2.9 points to 76.625 cents on the dollar on Thursday.
EDF’s USD 3.625% 2025s were unchanged at 110.18. It’s EUR 2% 2049s were up 0.41 to trade at 114.3.
For the full story, click here
Go back to Latest bond Market News
Related Posts:
BondbloX is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.