China Forestry’s 2015 dollar bonds plummeted on Monday (January 31) following the company’s shares suspension on auditing irregularities; rating agency Moody’s also put the company on review for downgrade over fears it may struggle to tap new funding.
China Forestry has witnessed its US$300 million bonds, due in November 2015, slump as much as 28 cents on January 31 as the forest operator informed shareholders about auditing irregularities…
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