Logistics Firm GLP’s Bonds Slide by Weekly Record Into Distress


“We do not expect GLP to face liquidity distress over the near-term, but trading technicals are unfavorable due to tepid risk sentiment and dealers derisking on GLP positions,” said Zerlina Zeng, head of Asia strategy at CreditSights Singapore. Investors are likely also concerned about China’s fickle regulatory environment, she added.



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