A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns.Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesso
(Bloomberg) Chinese electric-vehicle charging equipment provider StarCharge is considering an initial public offering in Hong Kong that could raise about $500 million, according to people with knowledge of the matter.Most Read from BloombergUpbeat Musk Can’t Soothe Tesla Investors’ Fears About GrowthRussia Says Ukraine Downed Plane Carrying Prisoners for SwapBoeing Halted From Further Max Production Increases by FAAHow Yemen’s Houthi Attacks Are Hurting the Global Supply ChainThe company, reg
StarCharge Weighing $500 Million Hong Kong IPO Due to EV Boom, Sources Say bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.