Sino-Forest, the Chinese forestry company fighting allegations of fraud, is heading for a calamitous default on its $1.8bn of international bonds.
That, at least, is the verdict of the bond market.
Sino-Forest bonds due in 2017 and those due in 2014 have been trading at around 30 cents on the dollar this week – suggesting that investors have little doubt that the company will default.
您已閱讀12%(385字),剩餘88%(2916字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。