HNA Group's Bonds Plunge to Record Lows Amid Share Halt Concerns
- Dollar notes due 2019 set for biggest weekly fall since July
- Group’s fourth unit halts shares from trading on Friday
This article is for subscribers only.
It’s been a bad week for bonds of the debt-laden Chinese conglomerate HNA Group Co., with stock trading halts at four units adding to investor concerns.
One of the securities sold by HNA Group International Co. that matures in 2019 slid as much as 4.2 cents this week -- the biggest weekly fall in six months -- to a record low of 84 cents on the dollar. The company’s bonds due 2021 shed 3.3 cents this week to 79.5 cents, also near the lowest ever.