Builder China Vanke’s Yuan Bond Gyrations Confound Credit Market
Wild swings in China Vanke Co.’s yuan bond prices have left credit traders puzzled for a second day in a row, as the market awaits details of the developer’s plan...
By John Liu, Yuling Yang, Qingqi She · Bloomberg Markets
Wild swings in China Vanke Co.’s yuan bond prices have left credit traders puzzled for a second day in a row, as the market awaits details of the developer’s plan to delay repayment of a local note due next month.