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...
by bondevalue | Apr 30, 2021 | China, High Yield Bonds
Chinese real estate developer Sichuan Languang Development Co. saw its dollar bonds, issued through subsidiary Hejun Shunze Investment, selloff this week on liquidity concerns. Bloomberg reported that Languang, which has about $1bn of offshore bonds and $2bn of...
