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Chinese companies tap 'virus bonds' to raise billions quickly

FILE PHOTO: A man wearing a mask is seen at Lujiazui financial district in Pudong, Shanghai
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SHANGHAI/HONG KONG (Reuters) - Chinese companies are using cheap funds raised via "virus bonds" in part to bolster their balance sheets as they capitalise on Beijing's efforts to channel money into virus-hit areas of the economy.A Reuters analysis reveals only a third of the roughly 14 billion yuan (£1.5 billion) being raised under a new fast-track regulatory process for "virus prevention and..
Date Published: Feb 13, 2020
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