by bondevalue | Apr 7, 2021 | China, Investment Grade Bonds
Tuesday marked another grim day for China Huarong’s dollar bonds as investors continued to sell amid reports of a financial restructuring coming up at one of China’s largest asset managers. As per Bloomberg, the company had submitted “financial...
by bondevalue | Apr 6, 2021 | China, Investment Grade Bonds
Huarong’s USD 4% perp callable in November 2022 at 100 slipped to 91.33 cents on the dollar yielding 10.06% on Monday following its 4.95% 2047s, which opened lower by 8 points on Monday morning. This comes after the company announced a delay in releasing its...
by bondevalue | Apr 5, 2021 | China, High Yield Bonds
China Huarong Asset Management saw its dollar bonds fall this morning after a trading halt on its shares on Thursday trading over delays in publishing annual results before March 31. Interim President of the company, Wang Wenjie said auditors needed more time to...
