by Amruth Sundarkumar | Sep 21, 2021 | China, High Yield Bonds
R&F Properties’ dollar bonds surged up to 15%, after the company is due to receive HKD 8bn ($1bn) in short-term financing from major shareholders, Chairman Li Sze Lim and CEO Zhang Li, over the next one to two months. As per the exchange filing, R&F is...
by Amruth Sundarkumar | Sep 17, 2021 | China, High Yield Bonds
Chinese high-yield property developers’ dollar bonds were down sharply as concerns on Evergrande only worsen with contagion risks on the cards. Fantasia’s dollar bonds were the worst hit, falling as much as 12 cents on the dollar, Yango Group’s bonds...
by Amruth Sundarkumar | Sep 13, 2021 | China, High Yield Bonds
Dollar bonds of Easy Tactic, guaranteed by R&F Properties jumped 6-8 cents on the dollar on Friday. While there was no specific news regarding the developer, there is a possibility that the positive news on Evergrande might have spilled over to R&F...
by Amruth Sundarkumar | Sep 8, 2021 | China, High Yield Bonds
Guangzhou R&F Properties’ dollar bonds extended losses on Tuesday over liquidity concerns. The latest selloff comes after R&F was downgraded deeper into junk to B2 by Moody’s on Monday while being placed on rating watch for further downgrade amid...
by Amruth Sundarkumar | Sep 7, 2021 | China, High Yield Bonds
Bonds of R&F Properties fell over 3-5% post the downgrade by Moody’s to B2 on refinancing risks. Easy Tactic’s bonds guaranteed by R&F have been trending lower since mid-August with concerns over peer Evergrande also spilling over. R&F Properties reported...
