by Amruth Sundarkumar | Jul 1, 2022 | Asian Dollar Bonds, Investment Grade Bonds
Singapore-based investment holding company Cuscaden Peak has upped its stake in SPH REIT to 61.7% after the former received 402.9mn units as part of its chain offer, as per an exchange filing. In April, the Cuscaden consortium consisting of Hotel Properties,...
by Amruth Sundarkumar | Jun 30, 2022 | Asian Dollar Bonds, Investment Grade Bonds
Indian sovereign wealth fund National Investment and Infrastructure Fund (NIIF) has invested INR 22.50bn ($300mn), a 22.5% stake, in Hindustan Ports Pvt Ltd (HPPL) which subsidiary of Gulf logistic major DP World (DPW). Till date, NIIF has invested ~$500mn in...
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 Raahil Shah | Sep 1, 2021 | Asian Dollar Bonds, High Yield Bonds
August was a mixed bag for bond investors with 47% of dollar bonds in our universe delivering a positive price return ex-coupon and 53% of the bonds ending the month in the red. This comes after June and July saw 54% and 52% of dollar bonds trading up in the months,...
by Megha Malhotra | Aug 31, 2021 | Asian Dollar Bonds
Indian telecom major Bharti Airtel announced plans to raise up to INR 210bn ($2.86bn) via a rights issue (Term of the day, explained below) in a bid to boost cash reserves to pay statutory dues, expand its network and prepare for the 5G auctions, as per ET. Fitch...
by Amruth Sundarkumar | Jul 26, 2021 | Asian Dollar Bonds, Interest Rate Trends
US primary market issuances dropped to $20.9bn vs. $32.4bn in the week prior. IG issuances fell to $15.2bn vs. $24.7bn in the prior week and HY issuances were also lower to $5.4bn vs. $7.3bn in the prior week. The IG space was led by VMware’s $3bn dual-trancher,...
