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Dollar-denominated bonds of two Shandong-based issuers sink as debt woes increase among China’s corporate borrowers

Summary:
[unable to retrieve full-text content]Two companies based in China’s Shandong province saw their dollar bonds plunge on Thursday amid signs that their debt troubles are worsening.Shandong Ruyi Technology Group’s dollar bond due in December plunged by 10.5 cents on the dollar to 78 cents in Hong Kong, its biggest drop on record, according to Bloomberg-compiled prices. Shandong Yuhuang Chemical, another firm from the same province, saw its dollar bond due in March drop by 13.9 cents to 59 cents, also a record drop for the note, the…

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[unable to retrieve full-text content]
Two companies based in China’s Shandong province saw their dollar bonds plunge on Thursday amid signs that their debt troubles are worsening.Shandong Ruyi Technology Group’s dollar bond due in December plunged by 10.5 cents on the dollar to 78 cents in Hong Kong, its biggest drop on record, according to Bloomberg-compiled prices. Shandong Yuhuang Chemical, another firm from the same province, saw its dollar bond due in March drop by 13.9 cents to 59 cents, also a record drop for the note, the…

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