Dollar bonds of Fosun International fell by ~4 points across its 2025s to 2027s. While there was no specific news available to attribute to the price drop, Assicurazioni Generali is nearing a deal to sell its Deutschland Pensionskasse AG unit to a German firm controlled by Fosun. Generali is one of Italy’s top insurers, is trying to improve its operations and profitability. The German unit of Generali has ~2.5bn in AUM and a deal is expected to be announced soon. While the deal value was not mentioned, this would imply an outflow of funds by Fosun, which has been under pressure by rating agencies due to weak liquidity and decline in asset values. A purchase would run counter to Fosun’s planned asset sale spree in recent times.

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