Fosun International launched a tender offer on two of its USD and EUR denominated bonds with a face value cap of $258mn equivalent. It is offering to buy up to $200mn worth of its $813.627mn 5.25% bonds due March 2022 for $100.75 per $100 in principal plus accrued...
Fosun’s retail unit Shanghai Yuyuan Tourist Mart Group is setting up a $6.4bn company that would invest in airlines. The retail company would spend ~$1.6bn to establish the new company Yuyuan Aviation Industry Limited Partnership with the rest of the capital...
