The contagion from Evergrande is getting worse. On Tuesday, Sinic Holdings became the latest name to default on offshore bonds, following Evergrande and Fantasia Holdings.
The latest in a continuing series of downgrades from the rating agencies has afflicted Modern Land, which conducted a consent solicitation to avoid default in October, and China Aoyuan.
But are opportunities appearing amid the ordure? Euromoney asked SC Lowy founder and chief investment officer Soo Cheon Lee what Asia’s most prominent home-grown high-yield and distressed asset manager makes of what he is seeing.
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