Credit Suisse Bonds Drop to Record Lows Amid Concerns
September 5, 2022: Credit Suisse’s Dollar Bonds and CDS Recover Slightly Dollar bonds of Credit Suisse recovered some of its losses yesterday after Monday’s panic sell-off with some AT1s up over 6%. Its EUR 5Y CDS spread also tightened by 15bp to levels of...
Greenko Upgraded to BB- from B+ by S&P
Greenko Energy was upgraded to BB- from B+ by S&P upon the improvement in its business position due to its stabilizing operating performance. Greenko’s diversified portfolio is set to lead to better operating performance and cash flows, helped by its...
HSBC Planning Sale of Profitable Multibillion Dollar Canadian Business
HSBC is eyeing the sale of its wholly-owned Canadian business, while not revealing details regarding the valuation. According to Bloomberg Intelligence, a disposal of the Canadian unit could reap nearly $10bn. HSBC Bank Canada has four divisions – commercial...
