High-yield bonds falter

High-yield falters as China Hongqiao, Xac Bank cancel deals

China Hongqiao and Xac Bank call off their dollar bond transactions, while China South City goes silent on its deal.
<div style="text-align: left;">
An aluminium smelter run by China Hongqiao, which has pulled its bond deal
</div>
<div style="text-align: left;"> An aluminium smelter run by China Hongqiao, which has pulled its bond deal </div>

2012 has not been a watershed year for high-yield primary issuance. On the face of it, investors are searching for yield, as rates hover around all-time lows, which theoretically ought to lead to demand. This has proven true in the secondary markets, with high-yield bonds posting strong gains since the start of the year.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media