LDK, Road King bonds fail to excite investors

Newly-issued bonds from the two Chinese borrowers have disappointed in the secondary market following their debuts, as the market struggles to digest recent volumes of supply.

  • 23 Feb 2011

The offshore renminbi bond issues from solar panel manufacturer LDK Solar and infrastructure company Road King have performed relatively poorly in the aftermarket for two consecutive days after pricing, in large part because heavy deal flow the space caused most bonds to trade southwards.

The poor performance of these ...

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