One fine mess

China Bluestar’s failure to settle a US dollar bond on the original June 3 deadline was hardly the ideal way to introduce the company to the global capital markets. Instead of being simply the latest Chinese issuer to head overseas, it will now go down in fixed-income folklore as the company that failed to mention a double share pledge in its offering documentation.... more

APAC Financial Markets • #Bonds, #ChinaBluestar, #FailureToSettle, #GlobalCapitalMarkets #Bonds, #Issuance/Pipeline