Fujian Yango makes 'very odd' change to bond terms
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Asia

Fujian Yango makes 'very odd' change to bond terms

Raised Eyebrows

China’s Fujian Yango Group Co this week set out a dramatic rise in the coupon on an outstanding bond, in a bid to avoid an investor put in April. The move left market participants confused, with one calling it ‘very odd’.

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