by Amruth Sundarkumar | Oct 6, 2021 | China, High Yield Bonds
Chinese real estate developers’ dollar bonds saw carnage yesterday after Fantasia’s default. What started as a drop in investor sentiment towards the sector beginning with the systemic impact of Evergrande, has now translated into a domino-effect with most...
by Amruth Sundarkumar | Oct 5, 2021 | China, High Yield Bonds
Dollar bonds of Chinese HY property developers like Greenland, Kaisa, Yango and Sunac fell 2-3% yesterday on likely spillover effects from Evergrande and Fantasia. Tight funding markets, weak investor sentiment and global risk-off have only added to the impact on...
by Amruth Sundarkumar | Sep 17, 2021 | China, High Yield Bonds
Chinese high-yield property developers’ dollar bonds were down sharply as concerns on Evergrande only worsen with contagion risks on the cards. Fantasia’s dollar bonds were the worst hit, falling as much as 12 cents on the dollar, Yango Group’s bonds...
