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Bond holders will be 'last priority' if Evergrande faces debt restructuring: UBS

Tao Wang of UBS Investment Bank says the Evergrande crisis is an overhang for China's high-yield bond market as the country's property sector holds a big share. The sooner the problems regarding Evergrande gets settled, the better it will be for the high-yield market, she adds.
Mon, Sep 27 202111:57 PM EDT