by bondevalue | Jan 31, 2018 | Distressed / Defaulted Bonds, Financial News, HomePage
Noble Group Ltd., who had fallen into financial difficulties because of the fall in commodities prices, reached a deal earlier this week to restructure $3.5 billion in debt. After a 3-year crisis marked by massive losses, write-downs and controversial accounting,...
by bondevalue | Jan 30, 2018 | Financial News, High Yield Bonds
In the chase for higher yielding fixed income assets, investors in Asian bonds have neglected to ensure that the junk bonds they purchase have sufficient protection, as reported by Moody’s Investor Service. The international credit ratings agency analysed 10...
by bondevalue | Jan 25, 2018 | Credit Ratings, Financial News, HomePage, Sovereigns
Spain’s borrowing costs fell to 6-week lows and short-dated bond yields in Greece tumbled, after ratings upgrades for the 2 southern euro zone states provided further evidence of a turnaround for the bloc’s peripheral economies. Spain’s credit rating was raised one...
by bondevalue | Jan 22, 2018 | Financial News, High Yield Bonds, HomePage, India
Tata Steel (Ba3/BB–/BB) has raised US$1.3 billion, in $300 million of 5.5-year paper at 4.45% and $1 billion of 10-year paper at 5.45%, to refinance its offshore obligations, which will help de-risk its balance sheet as well as enhance financial flexibility. This...
by bondevalue | Jan 22, 2018 | Financial News, HomePage, Sovereign Bonds
The Republic of the Philippines (Baa2/BBB/BBB) completed the first Asian U.S. dollar sovereign bond offering of the year, pricing a US$2 billion 10-year bond at par to yield 3.0%. The switch tender comprised of a $1.25 billion bond swap for 14 of its outstanding...
