Kaisa Bonds are ‘Extremely Cheap,’ Hedge Fund BFAM’s Fuchs SaysBy
Bonds trading at spread 1,100 bps wider than comparables
Kaisa is poster child for things that scare foreign investors
Bonds of Kaisa Group Holdings Ltd., the first Chinese property developer to default on dollar-denominated debt, are "extremely cheap," said Benjamin Fuchs, founder of the $1.8 billion hedge fund firm BFAM Partners.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.