Bondholders are watching the value of China Fishery Group’s 2019 bonds fall, as the company struggles to free itself from its bankruptcy filing on June 30.
Since the filing, the bonds' value is down 16 percent, largely because of lingering doubts over the value of China Fisheries assets in Peru, reports Bloomberg.
China Fishery told investors in July bids for its Peruvian operations valued the business at about half the $1.7 billion valuation it received last year, Suresh Nair, a partner at law firm Advocatus LLP, told Bloomberg.
The
