by bondevalue | Mar 4, 2021 | China, Distressed / Defaulted Bonds
Risks around Chinese state-owned enterprises (SOEs) have once again made headlines. Yunnan Energy’s bonds sold-off after Fitch withdrew its ratings and more recently, Chongqing Energy Investment Co failed to repay CNY 915mn ($142mn) of local debt in the beginning of...
by bondevalue | Mar 3, 2021 | China, High Yield Bonds
Yunnan Provincial Investment Holdings’ dollar bonds fell sharply yesterday with Nomura warning of contagion risk among SOEs in the Chinese province as per Bloomberg. Fitch had initially downgraded the company in January to BBB- on the back of government injecting...
