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Aoyuan bonds drop to new lows on debt woes

By Morgan Davis
16 Jun 2021

China Aoyuan Group’s attempt to woo investors to its $200m bond with a generous yield fell flat on Tuesday. Recent concerns about the property developer’s leverage, and the subsequent fall of its dollar bonds in the aftermarket, held investors back from the new deal — and caused a further spiral in secondary. Morgan Davis reports.

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By Morgan Davis
16 Jun 2021