Jul
31
China Debt-Market Optimism Is About to Be Put to the Test
By-
Large share of puttable bond issuers have weaker ratings: S&P
- Property developers seen facing most pressure for redemptions
Recent optimism in China’s debt market will soon be put to the test, with investors able to demand early repayment for as much as 544.7 billion yuan ($80 billion) of debt by year-end.
The amount of local bonds with put options that hit trigger points in the coming five months comes to almost 1.4 times the tally from January to July, according to data compiled by Bloomberg…
China Debt-Market Optimism Is About to Be Put to the Test