Western Investors Bargain Hunt in China Bond Rout

Property developer China Evergrande Group ’s financial crisis is ripping through the roughly $750 billion market for “offshore” Chinese corporate bonds issued primarily to international investors in dollars and euros.

Foreign investors who own much of the debt are scrambling to analyze their potential losses if Evergrande defaults on its $18 billion of foreign-currency bonds and whether to start buying as bond prices throughout the market take a dive.

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