How Any HNA Default Could Affect Markets: Analysts Debate
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While there’s no indication that China’s embattled HNA Group Co. is facing such financial difficulties that a default is in the offing, some market participants are starting to game plan scenarios, and a variety of takes have emerged.
The amount of dollar bonds outstanding for the conglomerate and its units -- at $13.7 billion, it accounts for more than 1 percent of Asian high-yield bonds outside of Japan -- raises the question of the impact on the broader market.