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 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
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
Bonds

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

Topic |   Bonds
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 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
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
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