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Chinese Junk Bond Yields Top 25% Selloff shaves about a third of bondholders’ wealth

 The surging yields adding to developers’ problems, by making it hard or impossible for companies to refinance by issuing new debt.

Shimao’s $1 billion, 5.6% bond due 2026 was quoted at less than 65 cents on the dollar on Monday afternoon in Hong Kong

WSJ 8 November 2021


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