Agile, KWG, Sino-Ocean’s Dollar Bonds Drop 10-14%
Dollar bonds of more Chinese property developers continue to fall with bonds of Agile and KWG dropping 10-14%. In particular, Agile’s 6.05% 2025s and KWG’s 5.875% 2024s fell over 14% yesterday, and currently trade at 54.7 and 61.38 cents on the dollar....
CIFI, Ronshine, Agile Buyback Bonds
Chinese developers CIFI Holdings and Ronshine China bought back some of their dollar bonds. CIFI repurchased $75.3mn in principal of its 5.5% bonds due January 2022 between October 7 and November 3. The outstanding amount is now $509.7mn. Ronshine repurchased $23.45mn...
