Chinese issuers buy back bonds as loan costs drop

15 Nov 2012

A handful of Chinese high yield US dollar issuers are buying back their outstanding bonds in an effort to take out cheaper funding through loans.

Chinese companies including Fufeng Group, Lonking Holdings and Road King Infrastructure have sought to buy back their outstanding US dollar and offshore renminbi bonds in recent weeks in a bid to access cheaper funding via loans, say bankers with knowledge of the deals.

The most recent of these is ...

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