Yuan Spurs China Airlines to Cut Losses With Sale of Local BondsBy and
Carriers trim dollar debt as weakening yuan weighs on earnings
First seven months yuan bond sales at fastest pace since 2009
China’s airlines, rushing to pare dollar debt as a weakening yuan adds to servicing costs, are selling local-currency bonds at the fastest pace since 2009 to trim their exposure to the greenback.
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.
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Subways May Be the Latest Casualty of China's Crackdown on Debt
- Honda Recalls 800,000 Odyssey Minivans Linked to Injuries