(Updates prices)
NEW YORK, Oct 4 (Reuters) - Chinese homebuilder Fantasia Holdings’ dollar-denominated bonds lost nearly half their market value in a massive Monday selloff, after it said it had failed to make a $206 million international market debt payment on time.
The firm’s July 2022 and October 2022 issues both tumbled nearly 16 cents to 19.5 cents on the dollar each Refinitiv data showed.
In a statement, the property developer said it will assess the potential impact of the non-payment on the group’s financial conditions.
On September 20, Fantasia had issued a statement that it had sufficient working capital and no liquidity issues. (Reporting by Tom Arnold and Rodrigo Campos; editing by Marc Jones & Shri Navaratnam)
"payment" - Google News
October 05, 2021 at 10:41AM
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UPDATE 1-China homebuilder Fantasia's bonds tumble as it misses payment deadline - Reuters
"payment" - Google News
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