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China Wanda bonds halve in value since January, "Its really bad, moving in one direction"

China Wanda bonds halve in value since January,
The Wall Street Journal with the report on Chinese shopping-mall operator Wanda Properties and the slashing of their junk bonds:In January, Wanda Properties sold a $400 million bond, then another a month later, raising hopes of a junk-bond revival. Now, Wanda has been downgraded, its bonds have lost half their value and no other Chinese company has sold a high-yield bond.In the piece a fixed income trader is quoted:“It’s really bad,”“Think back to the global financial crisis. That wasn’t as mess... Read More
Posted: Jun 9 2023, 03:18
Author Name: forexlive
Views: 102262

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