Digital Assets in Capital Markets

Advanced course on digital assets - assets created using a blockchain/DLT network - designed for finance professionals.

IBF-STS
8 CACS CPD Hours

15 November 2022 (Tuesday) | 9am-5pm

Chinese real estate company Evergrande raised a total of US$3.8 billion across 3 tranches on Tuesday. This represents the largest ever deal by a Chinese real estate company even as the regulators seek to clamp down on financial risks.

The bonds have, however, traded poorly in the aftermarket on account of the unexpectedly large deal size. Amongst them, the dollar-denominated 2025 bond started at a low of $94.58 on Friday early morning. They are currently up by 2 points for the day and are trading at $96.99 on early Friday trades.

Offshore dollar bond investors will also be closely watching the prices of Hilong holdings, and the companies linked to the CBRC’s scrutiny in what promises to be an eventful one week ahead.

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