Shandong Ruyi Repays Bondholders Amidst Landscape of Rising Chinese Corporate Defaults
Shandong Ruyi Techonology Group unexpectedly repaid bondholders on the maturity of its $345 million dollar bonds that came due on December 19. This comes against a backdrop of investor concerns over rising corporate bond defaults in China. The Chinese fashion and...
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Germany Plans Green Bonds in 2020 to Support Climate Action
Germany plans to issue green bonds for the first time in 2020, joining its European peers such as France and Poland. The sovereign intends to sell about €10 billion in green bonds in the second half of next year via auctions, at the same time as issuing regular bonds...
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Fed Leaves Rates Unchanged and Signals it will Stay on Sidelines
The US Federal Reserve left the fed funds rate range unchanged earlier this week at 1.50% to 1.75%, indicating that it intends to remain sidelined for the moment. Both comments made by Fed Chairman Jerome Powell and the Fed statement confirmed this as the central...
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China sells $6 Billion in Dollar Bonds, Double Initial Target
China's Ministry of Finance issued $6 billion worth of dollar-denominated bonds earlier this week, less than a month after its €4 billion sale of euro-denominated notes. Both transactions were well received by investors, with the dollar bonds garnering an order book...
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China Cuts Short-Term Rates for First Time in 4 Years, Signalling Further Global Easing
The People's Bank of China (PBOC) lowered one of its key interest rates for the first time since 2015, signaling further easing across the globe. China's central bank cut its seven-day reverse repurchase rate to 2.50% from 2.55%, bringing a spark of optimism to...
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Ecuador Bonds Sink to Record Low Amid Doubts Over Repayment
Ecuador's dollar bonds slumped to a record low amid doubts over repayment, as hopes of more loans from the International Monetary Fund (IMF) become diminished. The country's Congress had rejected a bill designed to narrow the budget deficit through a tax raise, paving...
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State-Backed Chinese Chipmaker Tsinghua Unigroup’s Bonds Selloff, Highlighting Investor Concerns
Tsinghua Unigroup Co., one of China’s most strategically important technology companies, has seen the price of its dollar-denominated bonds sink as investors expressed fears over the chipmaker's financial health. Its Hong Kong-traded $750 million bonds due in 2023...
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Where Can Bond Investors Find Bond Prices?
Before we get into details about where investors can find bond prices, it is important to understand how bonds are traded and how the trading process is different from stocks. Trading Process for Stocks vs. Bonds Stocks are traded on an exchange where the buyer and...
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China Issues Euro Bonds for the First Time in 15 Years
China sold bonds denominated in euros for the first time in 15 years, in a bid to lessen its reliance on US dollar funding. The 3-part debt deal, €2 billion in 7-years at a yield of 0.197%, €1 billion in 12-years yielding 0.618% and €1 billion in 20-years yielding...
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