ChemChina Bonds Sell-Off to Make Way for New Issue

China National Chemical Corporation (ChemChina) priced a 6-tranche transaction yesterday, comprising of US dollar-denominated bonds in 5 tenors as well as a Euro-denominated bond.  Leading up to the sale, the state-owned company’s US dollar curve sold off as investors...

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Macau’s Credit Ratings Upgraded by Fitch to AA

Fitch Ratings upgraded Macau's long-term foreign-currency ratings to 'AA' from 'AA-', with a stable outlook.  The upgrade reflects a number of key ratings drivers, including estimated GDP growth of 8.7% in 2017 following three consecutive years of decline.  The...

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