Dollar bonds of Easy Tactic, guaranteed by R&F Properties jumped 6-8 cents on the dollar on Friday. While there was no specific news regarding the developer, there is a possibility that the positive news on Evergrande might have spilled over to R&F Properties’ bonds, which were under pressure last week amid concerns over Evergrande. R&F’s bonds dropped last week after Moody’s downgraded the developer to B2 on refinancing risks.
R&F Properties’ Bonds Jump Up to 8%
