Second China state-backed group tests offshore bondholder mood with restructuring deal
Bondholders caught in
a $850 million state-backed corporate default in China were
split over an offer to repay them roughly 40 cents on the
dollar, in only the second distressed test of the country’s
offshore bond markets in 20 years.
a $850 million state-backed corporate default in China were
split over an offer to repay them roughly 40 cents on the
dollar, in only the second distressed test of the country’s
offshore bond markets in 20 years.
Posted by Reuters
