GC
Shandong Ruyi bond surges as maturity looms
Shandong Ruyi Technology Group Co’s outstanding $345m bond, which is only two months from maturity, jumped by over 10 points in the secondary market last week. The move was a response to the company's attempts to improve its liquidity position, including through the announcement of a tie-up with a government-owned entity.
The $345m 7.5% December 2019 bond had been trading at around 80 cents on the dollar in recent weeks, but rumours last week that the company would have enough funds to pay off the bond on December 19 saw the price climb to 88 by Thursday from 82
...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
 from co for use 575x375.jpg)
