Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Endo International plc > News item |
China Evergrande notes trade up; Fantasia, Tianji lower; Talen rallies; Endo better
By Cristal Cody
Tupelo, Miss., Sept. 21 – China Evergrande Group’s paper staged a small comeback on Tuesday after plunging on Monday and sending ripple effects across the financial markets that contributed to a standstill in new issuance at the week’s start.
China Evergrande’s 8¼% senior notes due 2022 (Caa2/CCC-/CCC) jumped 3¾ points to 29 bid in light trading totaling $2 million on Tuesday.
Other Chinese property developers remained mostly soft on Tuesday, sources said.
Shanghai-based real estate developer Greenland Global Investment Ltd.’s 5¾% senior notes due 2022 (Ba2/BB-) traded 3/8 point weaker at 83 bid.
Fantasia Holdings Group Co. Ltd.’s 10 7/8% senior notes due 2023 (B/B+) were less than ¼ point lower at 41 bid.
China Evergrande subsidiary Tianji Holding Ltd.’s 11½% senior notes due 2022 (C//CCC) slid 4½ points to 10¾ bid in thin trading Tuesday.
Elsewhere, Talen Energy Supply LLC’s bonds rallied about 1¼ points to 7¼ points on news the company secured up to $175 million of new funding.
Talen’s 6½% senior notes due 2025 (B3/CCC/B-) hit 53½ bid, up 7¼ points on the day.
In other distressed secondary action, Endo International plc’s paper improved.
Endo Finance LLC’s 6% senior notes due 2028 (Caa3/CCC+) rose ½ point to 66½ bid.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.