by bondevalue | Apr 30, 2019 | Bond Market Basics - Educational
What are perpetual bonds? Perpetual bonds, also called perpetuals or perps, are fixed income securities that have no maturity date, or where the agreed-upon period of time over which interest will be paid is forever (in perpetuity). Unlike fixed tenor bonds that have...
by bondevalue | Apr 26, 2019 | Distressed / Defaulted Bonds
China Minsheng Investment Group Corp (CMIG) reported that cross-default clauses have been triggered on its dollar bonds worth a total of US$800 million. These include US$300 million of debt that carries a standby letter of credit from China Construction Bank Corp...
by bondevalue | Apr 24, 2019 | Financial News
Netflix Inc. issued US$900 million and EUR1.2 billion (equivalent to US$1.34 billion) in new bonds, after receiving investor orders of about US$6 billion between the 2 currencies, pushing the oversubscription rate to approximately 3 times. The streaming service had...
by bondevalue | Apr 16, 2019 | China, High Yield Bonds
The Asian dollar bond market has seen a rapid rise in issuance by Chinese real estate developers since the beginning of the year, due to the broad stock market recovery from late 2018 and investor expectations for interest rates being held steady that have boosted...
by bondevalue | Apr 11, 2019 | Global
Saudi Aramco raised $12 billion from its debut international bond issue, completing one of the most oversubscribed deals of all time with orders of over $100 billion. The overwhelming investor demand allowed the oil giant to pay less for its debt than the Saudi...
