Greenland’s Bonds Trend Higher; Modern Land to Proceed with Debt Restructuring; Road King Cuts Dividend
Greenland Holdings’ dollar bonds have been trending higher this week. While the exact reason for the rally was not known, the rally comes despite details of its financial troubles breaking out on March 15, where sources said that SOEs stepped-in to rescue the...
Sunac, Shimao Seek Extensions on Local Bond and ABS; Yango Skips Dollar Bond Payment
Sunac China has sought to get a payment extension of two years on its local RMB 4bn ($628mn) bond due April 1. In return, Sunac’s chairman Sun Hongbin has offered to provide an unlimited joint liability guarantee. This comes just after Sunac said that it will...
