A fall in the price of bonds issued by China’s largest property developer last week is adding to strains in the market even as Chinese companies continue to pile up a mountain of dollar-denominated debt this year. China Evergrande last week sold bonds worth $6.6 billion in total, the largest issuance by an Asian high-yield company ever, according to Dealogic. The company issued $3.8 billion of new debt and exchanged $2.8 billion of...

Source: Wall Street Journal June 26, 2017 12:54 UTC