Last updated on November 20, 2020
Chinese companies are racing to cancel or postpone bond issue after a string of high-profile bond defaults by state-owned companies knocked investors' confidence and roiled the country's corporate bond market.
A total of 52 bonds worth a combined 39.88 billion yuan were cancelled or postponed between November 10 and 19 after a spate of corporate debt defaults, shows data from Wind Information. That compares to cancellations of only 16 bonds involving 7.4 . . .
To continue reading, please subscribe. You will get
- THE WIRE - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilizing a network of journalists, traders, brokers, analysts, etc. Here are some screenshots of the wire updates.
- IN-DEPTH & DATA-DRIVEN reporting on China's economy, policy and financial markets.
- DETAILS - We bring you important details that you won't find elsewhere.
- WEEKLY NEWSLETTER with Editors' Picks
GRAB OUR CHRISTMAS OFFER. Starting from $9.9 !
Already have an account? Sign In