High yield debt sinks, led by China property bonds

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By Addison Gong, Morgan Davis
10 May 2018

Asia’s high yield market has been volatile throughout much of the year, but it has now gone from bad to worse. Secondary prices are diving, investors are becoming increasingly tight-lipped and bankers are starting to play the blame game. Morgan Davis and Addison Gong investigate.

Every once in a while, GlobalCapital asks bankers about the themes of the year. In a good year, five different bankers will give you six different answers, picking their favourite market, sector, issuer, structure or even covenant package. This is not, however, a good year. There is one word that ...

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