by Amruth Sundarkumar | Oct 22, 2021 | China, Credit Ratings, Investment Grade Bonds
ChemChina was upgraded by Fitch to A from A- with a stable outlook. The upgrade comes on the back of progress in the integration between ChemChina and Sinochem Holdings. Sinochem Holdings has assumed full control over ChemChina in terms of management, operations and...
by Amruth Sundarkumar | Oct 11, 2021 | China, Corporates, India
China National Chemical Corp’s (ChemChina) unit China National Bluestar Group has agreed to sell Norway-based solar panel producer REC Solar Holdings to a unit of India’s Reliance Industries for an enterprise value of $771mn. In a statement made by...
by Amruth Sundarkumar | Jun 22, 2021 | China, Investment Grade Bonds
ChemChina-owned Syngenta Group has begun the process of potentially listing on Shanghai Stock Exchange’s Star Market. Syngenta was acquired by ChemChina in a record-breaking $43bn acquisition in 2016, and remains the largest acquisition of a foreign company by a...
by Amruth Sundarkumar | Jun 7, 2021 | China, Investment Grade Bonds
Dollar bonds of ChemChina rallied 4-6% after it was excluded from US’s list of Chinese companies released last week that ban US investors from investing in them. This is a relief for ChemChina since the beginning of the year, when JPMorgan noted that debt issued...
