China Huarong’s dollar bonds fell over 2% on Thursday. While reasons for the fall are unclear, Huarong gave an update that they have repaid their $400mn bond that was due on July 3. Huarong has been in the news with investor concerns on the company delaying its 2020 annual results further noting that auditors require more time and information. Besides, the extent of state support if any is yet to be seen.
Huarong’s Dollar Bonds Slip Over 2%
