Latest Breaking News On - Studio city co - Page 1 : comparemela.com

(Bloomberg) High-yield bond sales in Asia are off to their slowest start in six years as China property developers remain largely shut out of the market, dealing a blow to the top arrangers of these deals including HSBC Holdings Plc and JPMorgan Chase & Co. Companies have raised just $2.41 billion in the region’s dollar junk bond market this year, compared with $21.9 billion in the same period last year. The drought extends a slowdown from 2021 when issuance plunged 42% in the second half from the previous six months to a five-year low, according to data compiled by Bloomberg. Investment bankers see little sign of a turnaround this year as China’s restrictions on borrowing by property firms make it harder for them to tap the bond market, and as yields as high as 23% for speculative-grade debt make borrowing prohibitively expensive. After at least a dozen defaults by property firms including giants in the offshore market like China Evergrande Group and Kaisa Group Holdings Ltd., b

Charles macgregorSean mcnelisPramod shenoiHaitham ghattasKaisa group holdings ltdFitch ratingsHaitong internationalCredit suisse groupChina south city holdings ltdYuzhou group holdings coHoldings plcDeutsche bankJpmorgan chase coHaitong securities coStudio city coChina evergrande group