by Amruth Sundarkumar | Jun 4, 2021 | China, High Yield Bonds
China Oceanwide Holdings in a filing with the HKEX said that Oceanwide Holdings International Development III Co., Ltd (OHID III), wholly-owned subsidiary of China Oceanwide Group Limited repurchased $146.045mn worth of its $280mn 14.5% 2021s. Due to the pandemic,...
by bondevalue | May 24, 2021 | High Yield Bonds
Oceanwide Holdings failed to redeem part of its $280mn 14.5% bonds May 23 2021 due to a liquidity crunch. The company said it was facing “temporary cashflow issues” due to macro factors, real estate regulations and the pandemic. According to an exchange...
