Chinese Power Giant Sheds Light on Arcane Part of Credit Markets
A Chinese energy-construction giant is inadvertently spotlighting an arcane corner of the credit markets, where investors seek to use a technicality to potentially more than double their fixed-income returns.
By Jackie Cai · Bloomberg Markets
A Chinese energy-construction giant is inadvertently spotlighting an arcane corner of the credit markets, where investors seek to use a technicality to potentially more than double their fixed-income returns.