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Global Banks Lose Juicy Fees as China Junk Bond Drought Drags On

(Bloomberg) -- High-yield bond sales in Asia are off to their slowest start in six years as China property developers remain largely shut out of the market, dealing a blow to the top arrangers of these deals including HSBC Holdings Plc and JPMorgan Chase & Co. Companies have raised just $2.
Charles Macgregor Sean Mcnelis Pramod Shenoi Haitham Ghattas Kaisa Group Holdings Ltd Fitch Ratings

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