Shandong duo slump in secondary on refi risks

By Addison Gong
22 Nov 2019

Shandong Ruyi Technology Group Co and Shandong Yuhuang Chemical Co saw their respective dollar bonds plummet in the secondary market, as concerns rose on their debt repayment abilities.

Ruyi’s outstanding $300m 6.95% July 2022 bond dropped by nearly 12 points on Thursday to about 52 cents on the dollar, while its $345m 7.5% 2019 notes, due on December 19, also saw a double-digit slide to the high 70s, according to bankers. The 2019s were ...

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