by bondevalue | Mar 2, 2021 | China, High Yield Bonds
Bloomberg reports that state-owned firms will pay $2.3bn for a combined 23% stake in Suning.com. The company’s stock jumped 10% on the news while their CNY 4.9% bonds due 2023 jumped 4.4% to 90 while their CNY 5.5% bonds due 2021 rose 4% to 92.6. Suning’s dollar...
by bondevalue | Feb 26, 2021 | China, High Yield Bonds
China’s brick and mortar retailer Suning plans to sell a stake worth up to $2.5bn in one of its subsidiaries to shore up its finances. Suning said that the planned stake sale would help improve the company’s equity structure and advance its long-term strategy. Its...
