Several high yield funds for sale in Hong Kong are stuck holding bonds issued by troubled developer Country Garden. On 7 August, Country Garden failed to make US$22 million in coupon payments. It now has a one-month grace period to make the payments. If Country Garden fails to meet coupon payments before the grace period ending 6 September 2023, China’s…
Which funds are holding Country Garden bonds?
By Kylie Wong, data reporter | 28 August 2023
Related News

“Asia US dollar bond market worse than GFC”: SC Lowy
21 August 2023

China’s latest default drama raises stakes for private bank portfolios
14 August 2023

CIO Insight – Opportunities in HY despite latest China defaults: PineBridge
11 August 2023

Credit Suisse AT1 fallout: Who’s exposed in this US$245bn market?
24 March 2023

Neuberger Berman looks to crack China wealth market with first fund launch
22 March 2023

“Unloved” China high yield attractive again: BNP Paribas
10 March 2023

DPM Corner – Bonds are back for Indosuez Wealth Management
28 February 2023

Bonds, ESG, alternatives: What fund selectors are eyeing in 2023
14 February 2023

2023 will offer opportunities in IG bonds and China: HSBC GPB and RBC WM
6 December 2022

Beyond Chinese high yield: How this US$400bn firm invests in Asian credit
24 October 2022

BNY Mellon names Australia country executive
29 September 2022