Renhe, Fantasia ignore Greek default fears to join rush of Chinese high yield bonds
Fantasia Holdings and Renhe Commercial Holdings added their names to the bulging list of Chinese companies looking to sell high yield bonds, announcing new issues just a day after Standard & Poor’s cut its sovereign rating on Greece to junk.
The two issuers announced bond plans on Wednesday, despite market wobbles in the wake of S&Ps downgrade of the Hellenic Republic of Greece from BBB+ to BB+.
Renhe, which builds and operates underground shopping centres, picked Bank of America Merrill Lynch, Bank of China International, JPMorgan and UBS
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