Investors cautious on Cinda’s bond debut

The flurry of Chinese bond supply and potential rise in onshore bad loans could impair the secondary market performance of the asset management firm’s new bond.

China Cinda Asset Management, the Chinese bad debt management firm, raised an inaugural $1.5 billion dual-tranche bond on Wednesday but the notes have been trading flat or poorly in the secondary market as a result of oversupply from the mainland space and potential rise in onshore bad debt.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

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