CREDIT DAYBOOK AMERICAS: Bond Rush Persists; Evergrande Resets

Sept. 9, 2021, 11:29 AM

Another active day is expected in the investment-grade primary market after more than $60 billion was issued over the past two sessions, pushing volume for the year over the $1 trillion threshold. Meanwhile, regulators in Beijing have signed off on a China Evergrande Group proposal to renegotiate payment deadlines with banks and other creditors.

  • The Evergrande deal will pave the way for a temporary reprieve as the cash-strapped developer struggles to come to grips with more than $300 billion of liabilities
  • In the U.S. high-yield market, Clearlake Capital-backed Unifrax, a supplier of materials used in batteries and filtration products, begins ...

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