Europe embraces Fosun's high yield euro bonds

Euro fire FA 230
By Morgan Davis
31 Oct 2019

Chinese conglomerate Fosun International turned to Europe for its fundraising efforts this week, enticing investors to a €400m high yield rated bond.

While Fosun has raised euros through private placements before, Wednesday's deal was its first public offering in the currency. It was also unusual, given Fosun’s Ba2 rating with Moody's and BB from S&P, as typically investment grade rated names from China tap the euro market, selling their bonds ...

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