As Evergrande and Kaisa default on US dollar notes and Shimao was downgraded to non-investment grade, will more Chinese developers follow suit?
Tag : high yield bonds
Evergrande's liquidity problems and the pressure on rivals Kaisa Group and Fantasia to make debt repayments point to how refinancing in the property development sector will only become more difficult.
Yields on high-yield bonds have never been lower, but they retain a substantial share of fixed income portfolios. We asked investment experts how they are approaching these assets.
