China Evergrande onshore bond slumps plunges more than 20%

September 07, 2021 2:59 PM

SHANGHAI (REUTERS) – China Evergrande’s Shenzhen-traded 5.9 per cent May 2023 bond fell more than 20 per cent in afternoon trade on Tuesday (Sept 7), extending falls since a ratings downgrade made the company’s bonds ineligible for use as collateral in repo transactions.

Source : http://www.straitstimes.com/business/property/china-evergrande-onshore-bond-slumps-plunges-more-than-20