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.
Greenland’s Dollar Bonds Slip on Concerns Over Its Focus on Low Tier Cities
