Some of Suning’s private bonds were quoted at prices as low as 70 yuan in the past month, according to traders. Photo: Jamie Carter
Suning founder Zhang Jindong who helped Evergrande avoid cash crunch faces reality check from bond market
- Prices of bonds issued by Zhang’s companies have plunged to record lows after he decided not to demand repayment of a US$3 billion investment in Evergrande
- Suning group has to repay about US$4.3 billion in bond maturities by the end of 2021, including its largest monthly repayment on record in December
Some of Suning’s private bonds were quoted at prices as low as 70 yuan in the past month, according to traders. Photo: Jamie Carter
