Huawei technologies' US dollar bonds slumped to record lows last week on news that the company's chief financial officer was arrested in Canada and is facing extradition to the United States on suspicion of violating US sanctions. Huawei's 4.125% 2025s, 4.125% 2026s and 4.00% 2027s fell about two points in cash price and widened about 30bp in Treasury spread terms on Thursday. The bonds further widened by about 5bp-10bp on Friday, according to a bond trader.
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