by Amruth Sundarkumar | Jun 2, 2021 | High Yield Bonds
Mexican cement company Cemex is planning to issue perpetual dollar bonds on its second sale in the international bond market this year. The planned perpetual deferable and subordinated hybrid securities have an expected rating of B, three notches below its issuer...
by Amruth Sundarkumar | Jun 2, 2021 | Credit Ratings, High Yield Bonds
Guacolda Energia S.A.’s ratings have been downgraded to B+ from BB- by S&P Global Ratings and its ratings have been placed on CreditWatch with a negative implication. The downgrade was driven by higher cash volatility expectations, given that Chile aims to phase...
by Amruth Sundarkumar | Jun 2, 2021 | Perpetual Bonds, Sovereign Bonds
Keppel Infrastructure Trust raised S$300mn via a Perpetual non-call 10Y (PerpNC10) bond at a yield of 4.3%, 25bp inside initial guidance of 4.55% area. The bonds are unrated. Keppel Infrastructure Fund Management, as trustee-manager of Keppel Infrastructure Trust,...
by Amruth Sundarkumar | Jun 2, 2021 | Corporates, Singapore Dollar Bonds
Days after Singapore Airlines (SIA) was questioned on its privatization plans from investor watchdog SIAS, the airline has clarified that it is not a matter for SIA to consider, given that it is a shareholder action. SIA added that the proceeds from its Mandatory...
by Amruth Sundarkumar | Jun 1, 2021 | Insights
The month of May continued April’s trend with 66% of dollar bonds in our universe delivering a positive price return ex-coupon during the month. Bond investors are on track for an upbeat Q2 after a dismal Q1, especially in February and March when 66% and 82% of...
