China bad-debt firm Huarong’s bonds jump after Reuters report on restructuring

by DailyBriefers

Business & Finance

Dollar bonds issued by a subsidiary of embattled Chinese bad-debt firm Huarong jumped to three-week highs on June 4 after Reuters reported fresh insights into a restructuring plan that has been in the works for a couple of years. The exclusive story on Huarong being asked by regulators to sell non-core assets and possibly being given a government guarantee on debt prompted Huarong to confirm it had been asked to return to its roots as a bad-debt firm.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceEquities

Regions: Asia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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