HALISTER1: Kaisa Bonds Favored Ahead of Earnings Release: Citi

Kaisa Bonds Favored Ahead of Earnings Release: Citi

(Bloomberg) -- Citi likes Kaisa bonds at current levels, with near-term catalyst being the earnings release and potential resumption of share trading, according to March 14 note from the bank.
  • Kaisa’s 2021 notes have risen 6.2 cents to 97.9 cents on the dollar so far this year, according to Bloomberg-compiled prices
  • NOTE: Kaisa board will approve annual results for the three years ended Dec. 2016, and interim results for 6 months ended June 2015 and June 2016, according to statement to Hong Kong stock exchange dated Monday
  • Earlier stories:
    • Kaisa says public float has been restored to required 25%
    • Kaisa Says Won’t Release ’14, ’15, ’16 Earnings by Lunar New Yr

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1638 HK (Kaisa Group Holdings Ltd)

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