GC
Chinese property bonds kept to short tenors
Sinic Holdings (Group) Co and JY Grandmark Holdings made their debuts in the dollar bond market on Wednesday. Both issuers opted to use a 364-day tenor to get the deals done.
Asia's offshore bond market has faced a rocky week given the spread of Covid-19. On Tuesday, the US Federal Reserve cut interest rates by 50bp in the hope of soothing the market. But the move left investors reeling, perhaps being read as a signal of quite how bad
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