Wed 07/05/2023 06:48 AM
UPDATE 1: 6:49 a.m. ET 7/5/2023: Sino-Ocean Group’s onshore bonds have continued to drop today, July 5, on concerns of a potential debt restructuring, with its CNY 2 billion ($276.2 million) due Aug. 2 bond, “18 Sino-Ocean 01”, down 22 points to 46 and its CNY 1.32 billion due 2024 bond, “19 Sino-Ocean 01”, down 12.5 points to 27, sources familiar with the matter said.
Trading of the two bonds was subsequently temporarily suspended due to the significant price...
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