Evergrande baffles market with chaotic return to bonds
![China_apartments_230px](https://assets.euromoneydigital.com/dims4/default/8120158/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F1b%2Fe8%2Fbebef3499718fde949ae30a0faaa%2Fapartment-blocks-230px.jpg)
China Evergrande Group’s $1.8bn return to the bond market this week split opinion. The ultra-high yield deal, which sent the company’s secondary bonds spiralling, was largely sold to Evergrande’s chairman — a move that attracted a mix of outrage and admiration. Morgan Davis reports.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: