Yuan Spurs China Airlines to Cut Losses With Sale of Local Bonds

  • Carriers trim dollar debt as weakening yuan weighs on earnings
  • First seven months yuan bond sales at fastest pace since 2009

Chinese Airlines Trim Dollar Debt

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.

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