by Megha Malhotra | Aug 18, 2021 | Singapore Dollar Bonds
Lippo Malls Indonesia Retail Trust (LMIRT) will not be redeeming its outstanding S$140mn ($102.9mn) 7% Perp on the first call date of September 27, as per IFR. The coupon will reset to the prevailing 5Y Singapore dollar SOR + initial spread of 524.5bp. Based on...
by Megha Malhotra | Aug 18, 2021 | Sovereign Bonds
The Government of Maldives has been downgraded to Caa1 from B3. The outlook is revised to stable from negative. The rating action applies to the long term foreign currency as well as to the senior unsecured notes issued by its SPV Maldives Sukuk Issuance Limited. The...
by Megha Malhotra | Aug 18, 2021 | Sovereign Bonds
Zambia’s dollar bonds rallied on Monday after opposition leader Hichilema beat the incumbent President Edgar Lungu by a strong margin of ~1mn votes during the Zambian Presidential elections. The new president elect is widely expected to spur economic growth and...
