by Amruth Sundarkumar | Jun 7, 2021 | China, High Yield Bonds
Chinese real estate developer Sichuan Languang Development Co. saw its dollar bonds, issued by Hejun Shunze Investment, plummet 7-10 points on Friday as investor concerns continue to build up over the company’s liquidity position. It’s 8.85% bonds due...
by Amruth Sundarkumar | Jun 1, 2021 | China, Credit Ratings, High Yield Bonds
Chinese property developer Sichuan Languang Development was downgraded by a notch to B3 and B- by Moody’s and S&P respectively. Moody’s also changed the outlook to negative and S&P placed them on CreditWatch Negative. Both rating agencies primarily cited...
by Amruth Sundarkumar | May 31, 2021 | China, High Yield Bonds
Sichuan Languang’s dollar bonds jumped after a report said that they wired funds for the repayment of an onshore bond. The company wired funds for the full repayment of its CNY 600mn ($94.3mn) 7.9% bonds due May 29. The Chinese property developer’s dollar...
by bondevalue | May 7, 2021 | China, High Yield Bonds
Bonds of Chinese property developer Sichuan Languang dropped further after Moody’s downgraded it to B2 citing a low liquidity buffer, especially as the company has large upcoming debt maturities in the next 12-18 months. The 11% 2022s issued by subsidiary Hejun...
by bondevalue | May 6, 2021 | China, Credit Ratings, High Yield Bonds
China based real estate company Sichuan Languang Development has been downgraded to B2 from B1 by Moody’s due to a low liquidity buffer, especially as the company has large upcoming debt maturities in the next 12-18 months. The senior unsecured rating of the...
