GenesisCare's Medicare snafu leaves lenders eyeing administrators
But the local business is easily the most profitable part of the company and was retained while the US business landed on the chopping block earlier this year.
Source: afr.com
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GenesisCare lenders sell $US400m of debt, trades in mid-teens
It’s understood at least one party has offloaded its exposure to the debt stack for “mid teens or around 15¢.”
Source: afr.com
Why China equities are headed for a bear market despite Wall Street's optimism?
Credit-market contagion is spreading to some of the strongest property developers
Source: gulfnews.com
Chinese property bonds soar as investors bet worst is over
Even though it’s unclear whether the beaten-down sector has reached a turning point, traders are having a hard time turning down bets that things will improve.
Source: japantimes.co.jp
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Source: caixinglobal.com