The rarity value of an offshore bond issue from a large Chinese internet services firm has led to strong investor demand for the $5 billion paper, especially at the long end.
The company that once aspired to be China's Netflix agrees a deal on debt with Shenzhen listed Leshi. But Leshi, toiling under a $1 billion debt mountain, is not out of the woods.
Choijilsuren Battogtokh, head of Mongolia's budget committee, explains why better than expected economic data and a restructuring of the banking sector are improving the country’s credit metrics.