"a huge economic crisis".
https://www.bloomberg.com/news/arti...hina-bond-defaults-overseas?srnd=premium-asia
China Defaults Set to Worsen as $8.6 Billion Bonds Due Next Year
Rebecca Choong Wilkins, Yuling Yang and Molly Dai
26 September 2019 9:31 AM
A record pace of defaults hit China’s domestic bonds this year. In 2020, it could be the offshore market’s turn.
- China high-yield firms rely more on short-term debt: MS
- Stressed issuers see 40% of their dollar bonds due in 2020
That’s because of a looming wall of dollar debt, issued by now-stressed borrowers, that comes to maturity. There’s $8.6 billion of offshore bonds coming due next year that currently have at least 15% yields -- classifying them as stressed, according to data compiled by Bloomberg.
"a huge economic crisis"....
-
- There are more pages in this discussion • 72,952 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)