Nevada Copper Corp NEVDQ

RE:Reading the tea leaves

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Debt pressures

The liquidity crunch at trust firms may cause turmoil in the local bond market and put financial pressure on Chinese companies and local government entities.
 
Trust firms may need to sell more liquid assets in their portfolios, such as corporate bonds and local government bonds, to prepare for the repayment of trust products coming due, Citi analysts said in an August note.
 
“This could trigger a bond price correction and hinder companies’ financing access,” they said.
 
That could potentially leading to debt-servicing challenges or even default pressure for companies or certain local government financial vehicles that face maturing debt payments in the near term, they added.

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