As Chinese conglomerate HNA Group Co. prepares to acquire Singapore logistics operator CWT Ltd for US$1 billion, potential bankers including Maybank and RHB continue to scrutinise the Company’s business and leverage ratios in order to assess its further debt capacity and its ability to service debt if there is a downturn in the logistics industry. These concerns over HNA’s financing ability have translated to the performance of its outstanding bonds, which have traded down significantly in the past week. HNA Group has announced more than $40 billion of deals since the beginning of 2016, according to data compiled by Bloomberg.
HNA Bonds Weaken on Plans for $1 Billion CWT Takeover
by bondevalue | Jul 28, 2017 | China, Financial News, High Yield Bonds, HomePage | 3 comments
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