Greenland Holding Bonds Drop to March Low After S&P Cut to Junk

  • Developer's 5.875 percent notes due 2024 slid to 96.7 cents
  • Hong Kong unit shares dropped 2.2 percent, set for April 8 low

Greenland Holding Group Co.’s dollar bonds fell to the lowest in more than seven weeks after S&P Global Ratings cut its rating on the Chinese property developer to junk last week.

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