China State-Backed Builder's Dollar Bonds Slump as Worries Mount [Business News Network (BNN) (Canada)]
China Life Insurance Company Limited American Depositary Shares (LFC)
US:NYSE Investor Relations:
e-chinalife.com/irchannel/http/en
Company Research
Source: Business News Network
Some notes issued by Sino-Ocean Group Holding Ltd. dropped about 10 cents on the dollar, according to Bloomberg-compiled prices, putting most in deeply distressed territory at below 25 cents. The firm led weakness among other higher-rated builders, with bonds from China Vanke Co. and Country Garden Holdings Co. poised to notch their biggest declines in weeks. Thursday's selling in dollar bonds of Sino-Ocean, China's 20th-largest builder by contracted sales, came as an onshore note from an affiliated company plunged a record 28% Thursday. Holders of that 1 billion yuan ($148 million) bond are able to demand that they be repaid next month. Sino-Ocean's offshore notes have steadily dropped since late May, when peer Greenland Holdings Corp. rocked China's credit market by seeking a payment extension. That request, which bondholders approved, raised fresh doubts about the financial strength of builders with state ownership as new-home sales have continued to plunge and most firms' fin
Show less
Read more
Impact Snapshot
Event Time:
LFC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LFC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LFC alerts
High impacting China Life Insurance Company Limited American Depositary Shares news events
Weekly update
A roundup of the hottest topics