by Megha Malhotra | Feb 7, 2022 | Asian Dollar Bonds
Bharti Airtel said that it would redeem its $505mn 5.125% dollar bond due March 11, 2023 a year earlier. The telco said that it will redeem the bonds issued by Bharti Airtel International BV on March 7, 2022. The redemption price for the notes will be 100% of the...
by Megha Malhotra | Feb 7, 2022 | China, High Yield Bonds
Seazen Holdings launched a tender to buy its $200mn 7.5% bonds due March 20, 2022 at par. The bonds, issued by its overseas subsidiary New Metro Global and guaranteed by the parent are currently trading at less than par, around 97.13 cents on the dollar. The deadline...
by Megha Malhotra | Feb 7, 2022 | Sovereign Bonds, Sovereigns
Ghana was downgraded to Caa1 from B3 by Moody’s, while the outlook was changed to stable from negative. The downgrade reflects the increasingly difficult task the government faces in addressing its “intertwined liquidity and debt challenges”, said...
by Megha Malhotra | Feb 7, 2022 | High Yield Bonds
American cruise operator Royal Caribbean missed Q4 earnings estimates and warned that it may not be profitable in 2022 as was earlier expected. Revenues came in at $982.2mn, up massively vs. Q4 2020’s $34.1mn but below FactSet estimates of $1.04bn. Net loss was...
by Megha Malhotra | Jan 18, 2022 | Financial News, Macroeconomic news
US equity markets were closed on Monday on account of Martin Luther King Jr. Day. US 10Y Treasury yields rose 14bp to 1.85% over increased expectations of a Fed rate hike in March. European markets closed higher on Monday with the DAX, CAC and FTSE up 0.3%, 0.8% and...
