SOVEREIGN DEBT RESTRUCTURING | MASTERCLASS

A deep dive masterclass on sovereign debt restructuring, to be conducted virtually by Asian high yield bond expert Florian Schmidt.

30 June 2022 (Thu), 5pm Singapore/HK time

Ronshine China’s dollar bonds fell after one of its units announced a change of its onshore auditor in a filing, according to Bloomberg. The unit in question was Rongxin Fujian Investment Group.

Ronshine’s 6.75% 2024s fell 3 points to 89.5 cents on the dollar, yielding 10.6% and its 7.1% 2025s fell 4.1 points to 88.28, yielding 10.98%. Other bonds of the property developer fell around 2 cents on the dollar.

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