Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

Greenland’s dollar bonds fell 1-2% on Friday with Bloomberg Intelligence noting that they are set to face sales headwinds and reduced cash collection. This is due to Greenland’s substantial land-bank exposure to low-tier Chinese cities, where housing demand tends to be weak, they said. The lower sales may translate into slow cash collection and delay its deleveraging process.

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