china zhengtong auto

High-yield bonds for Baoxin Auto and China Zhengtong Auto are postponed as markets stall amid Greek woes, widening spreads and fears of a hard landing in China.

After mandating banks over a year ago, RHB prints a small debut bond, but replaces Goldman Sachs with Citi.

For high-yield names, investors are demanding an attractive new-issue premium.

Investors like ZhengTong's growth story, but the deal still prices below the mid-point.