Chinese debt investors are turning bearish at just the wrong time for the nation’s corporate borrowers, which face a record 3.7 trillion yuan ($571 billion) of local bond maturities through year-end.Chinese coverage earlier here: Unprecedented Default and Downgrade Wave Hits China
With this year’s biggest note payments concentrated in some of the country’s most-cash strapped industries, China needs buoyant markets to help its companies refinance. Instead, yields in April rose at the fastest pace in more than a year and issuance tumbled 43 percent as borrowers canceled 143 billion yuan of planned debt sales.
Oscar Winner
-
FEEDOscar Health (OSCR) continues to do nicely………….
No comments:
Post a Comment