Kaisa’s dollar bonds jumped over 4-6% on Tuesday. Kaisa’s 11.5% 2023s rallied the most, by 6.5% followed by its 9.375% 2024s and 9.95% 2025s which were up 6.4% and 6.2%. Its other bonds also rallied over 4%, recovering some of the losses in the prior weeks with Evergrande related negative news flow hurting property developers’ bonds overall.

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