by Amruth Sundarkumar | Sep 9, 2021 | China, Credit Ratings, High Yield Bonds
China-based homebuilder Jiayuan International Group was upgraded by Fitch to B+ from B citing ‘deleveraging and expansion via organic growth and asset acquisitions from its largest shareholder’. Jiayuan has reduced reliance on trust and other loans to 13%...
by Megha Malhotra | Aug 23, 2021 | China, Financial News, High Yield Bonds
Chinese real estate developer Jiayuan International Group announced the completion of its tender offer for two of its dollar bonds. It has bought back $12.577mn and $80.638mn worth of its 13.75% 2022s and 13.75% 2023s at par and $1,027.95 per $1,000 in principal...
by bondevalue | Mar 12, 2021 | China, High Yield Bonds
Jiayuan International Group bought back $61.538mn of its 13.75% senior notes due 2022 after some bondholders exercised their put options. The outstanding amount of the 2022s will fall to $145.207mn once the repurchased bonds are cancelled. The Chinese property...
