China's High-Yield, High-Risk Corporate Bonds Fall as Local Shares Slide

(Bloomberg) -- China's high-risk, high-yielding
corporate bonds fell as the country's stock markets recorded
their biggest slump in three months.

The yield on Citic Resources Holdings Ltd.'s $1 billion of
bonds due in 2014 widened to 213 basis points more than similar-
maturity U.S. Treasuries, from 202 basis points yesterday, the
biggest increase since the debt was sold earlier this month,
according to Merrill Lynch & Co. The spread on Parkson Retail
Group Ltd.'s $125 million of debt maturing 2012 widened by 4
basis points.


Read more at Bloomberg Bonds News