by Amruth Sundarkumar | Oct 26, 2021 | China, High Yield Bonds
Chinese car rental company CAR Inc., announced results of its tender offer by accepting to buy $92.985mn in principal, or 25%, of its 8.875% bonds due 2022. CAR will pay $1,010 per $1,000 in principal with settlement on or about October 28. The new outstanding amount...
by bondevalue | May 28, 2021 | China, Credit Ratings, High Yield Bonds
China’s largest car rental provider, CAR Inc, has been upgraded to B3 from Caa1 with a stable outlook by Moody’s based on its operational efficiency and access to funding. The ongoing pandemic negatively affected the auto mobility providers’ 2020...
