Asia’s recurring debt angst: deja vu all over again

“You do know that ‘Kaisa’ means ‘How’ in Hindi”, quipped an Indian friend who is a fund manager in Asia. Well, there’s certainly been no shortage of ‘How’ questions on Kaisa (1638.HK), the first Chinese property company to default on its offshore U.S.-denominated public bond obligations in the history of the Asian high yield market. When […]