New energy bonds hit after GCL-Poly sale falls through

Addison Gong

August 07, 2018 07:45 am

rooftop_solar_AP_230x150 — FILE - In this March 23, 2010, file photo, installers from California Green Design install solar electrical panels on the roof of a home in Glendale, Calif. The Obama administration is boosting the development of solar and wind energy on public lands. A final rule announced by the Interior Department on Thursday, Nov. 10, 2016, would create a new leasing program on public lands and encourage development in areas where it would have fewer effects on the environment. (AP Photo/Reed Saxon, File) | Reed Saxon/AP

GCL New Energy’s $500m offshore bond plummeted by more than three points in secondary trading on Monday, after its parent company failed to dispose of an asset in Zhejiang. The price plunge also had a knock-on effect on other Chinese new energy bonds.

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Topics

Nomura China Corporate Bonds High yield Asia Greater China Northeast Asia Loans and High Yield LevFin High Yield Bonds Asia Pacific LevFin Emerging Markets SRI

AG

Addison Gong

SSA editor GlobalCapital