by Amruth Sundarkumar | Jun 27, 2022 | China, Distressed / Defaulted Bonds
In a statement on Friday evening, Sunac China came out saying that they might miss an RMB 400mn ($59.8mn) installment payment on its RMB 4bn ($598mn) onshore bond. It cited its inability to gather sufficient funds amid liquidity issues arising from China’s pandemic...
by bondevalue | Feb 26, 2021 | Financial News
Sunac China raised $552mn via a reopening or tap of their existing bonds. It raised: $342mn via a tap of their 5.95% 2024s at a yield of 5.85%, a massive 50bp inside initial guidance of 6.35% area. The bonds received orders over $1.1bn, 3.2x issue size. Asia took 97%...
