DCM

Fosun shakes off Covid-19 pressures with new bond and strategic sale

A strategic divestment and one of the first non-property high-yield Chinese bond sales to come to market since the Covid-19 lockdown secure the Chinese conglomerate’s war chest.

In one of the first non-property Chinese high-yield names to come from China since the lockdown, Fosun International last week printed $600 million debt inside its own curve to refinance debt.

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