by bondevalue | Jun 29, 2018 | China, China, Financial News, High Yield Bonds, Investment Grade Bonds
In more negative news for China’s developers, the National Development and Reform Commission (“NDRC”) is considering a ban on the sale of dollar bonds with tenors of less than 1 year. Over the past 2 years, the country’s real estate companies...
by bondevalue | Jun 22, 2018 | China, Financial News, High Yield Bonds
The creditworthiness of China’s developers has been called into question as credit channels tighten amidst an avalanche of attempts to borrow in order to bolster land banks. The Bloomberg Default risk model, which tracks metrics including share performance,...
by bondevalue | Mar 16, 2018 | China, Corporates, Credit Ratings, Financial News, High Yield Bonds
S&P Global Ratings raised Yanlord Land Group’s long-term corporate credit rating to ‘BB’ with a stable outlook, from ‘BB-‘ and raised the long-term issue rating on the company’s outstanding senior unsecured notes to...
by bondevalue | Mar 5, 2018 | China, China, Financial News, High Yield Bonds, Investment Grade Bonds
The China Securities Regulatory Commission has announced that domestic and overseas companies, including government-backed institutions in countries along the Belt and Road (B&R), seeking to fund the B&R initiative, would be allowed to issue bonds via...
by bondevalue | Feb 14, 2018 | China, Corporates, Credit Ratings, Financial News, High Yield Bonds
S&P’s cut HNA Group’s implied rating, for the second time in 3 months, to ccc+ from b due to its “deteriorating liquidity position” as the Hainan-based aviation-to-financial conglomerate faces mounting debt maturities in 2018. The rating...
by bondevalue | Dec 15, 2017 | China, Distressed / Defaulted Bonds, Financial News, High Yield Bonds, HomePage
The US$300 million 8.875% bonds issued just last month by HNA Group International Co., a unit of HNA Group Co., fell to about 93 cents on the dollar earlier this week. Despite the company assuring markets that it would not default on borrowings in the near...
