Yango derailed as bookbuilding falls through

Addison Gong

January 30, 2018 09:30 am

Unhappy_1_230px — Stressed businessman after business project failure, covering eyes in despair and hand gesturing stop to camera. | Igor Stevanovic/Bits and Splits - Fotolia

Recent heavy supply in the Asian dollar bond market has found its first victim in Yango Group Co, which called off a planned $250m deal on Monday. While the Chinese developer’s high leverage raised some concerns, volatility in US Treasuries also played its part in the underwhelming demand.

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Topics

UBS China Corporate Bonds High yield Asia Greater China Haitong Securities Northeast Asia Guotai Junan Securities Co Loans and High Yield LevFin High Yield Bonds Asia Pacific LevFin Emerging Markets DBS

AG

Addison Gong

SSA editor GlobalCapital