by bondevalue | Jan 28, 2021 | Hong Kong
Hong Kong’s flag carrier Cathay Pacific announced on Wednesday that it is planning to sell 5Y convertible bonds denominated in Hong Kong dollars to shore up cash. The airline is looking to raise HKD 6bn ($774mn) with an option to upsize the deal further via 5Y...
by bondevalue | Sep 16, 2020 | Distressed / Defaulted Bonds, Hong Kong, Investment Grade Bonds, Macroeconomic news
Better economic data improved sentiment and lifted US and European markets as the FOMC meeting got underway. US factory output climbed 1% and Germany’s ZEW economic sentiment index came at 77.4 vs. 71.5 expected. Investors will look to the Fed meeting for...
by bondevalue | Jul 13, 2020 | Financial News, Global, High Yield Bonds, Hong Kong, Investment Grade Bonds
Wall Street gained on Friday after positive headlines from Remdesivir, Gilead Sciences’ antiviral drug, which came out claiming to reduce the risk of death and significantly improve conditions of severely ill patients. This comes despite surging cases in the US...
by bondevalue | Jun 10, 2020 | Asian Dollar Bonds, China, Corporates, Credit Ratings, Financial News, Global, Global, Hong Kong, India, India, Sovereigns
The rally in markets cooled off overnight over concerns that the move could have overshot economic prospects as well as some profit taking. Tuesday also saw German figures that pointed to the biggest collapse in exports from Europe’s largest economy on record in...
by bondevalue | Jun 8, 2020 | Asian Dollar Bonds, China, Corporates, Financial News, Global, Global, Hong Kong, Interest Rate Trends, Sovereign Bonds, Sovereigns, U.S. Federal Reserve Bank, U.S. Treasury Yield
31% of dollar bonds in our universe are trading higher today vs. the start of the year (full story below). Friday’s Non-Farm Payroll (NFP) number of +2.5mn vs. an expected -7.5mn gave a 10mn upside surprise that caused a sharp rally in equity markets and...
by bondevalue | Aug 10, 2018 | Financial News, Hong Kong, Investment Grade Bonds
Asia ex-Japan U.S. dollar issuance hit its highest weekly tally since mid-April last week at about $9.2 billion, a turnound from early July when new deals had nearly ground to a halt over fears of rising defaults among Chinese borrowers. Contributing to the bounce...
