by bondevalue | May 18, 2021 | Asian Dollar Bonds
Hong Kong based real estate developer Road King Infrastructure (RKI) is set to have its third consecutive weekend of bumper sales, having sold over 70% of the units on offer this past weekend. RKI, rated Ba3/BB-, sold 120 units out of the 168 units on offer at its...
by bondevalue | May 18, 2021 | Asian Dollar Bonds
China Huarong Asset Management Co. is said to have closed funding arrangements with China’s state-owned lenders to repay debts due through “at least the end of August”, as per people familiar with the matter reported by Bloomberg. The sources added...
by bondevalue | May 18, 2021 | Asian Dollar Bonds
Singapore based real estate fund manager, ARA Asset Management announced that it is raising $500mn in a financing round led by Japan’s Sumitomo Mitsui Banking Corporation (SMBC). With this, ARA expects to bolster its core asset management business while...
by bondevalue | May 18, 2021 | Asian Dollar Bonds
India’s telecom giant, Bharti Airtel announced its Q4 and year end results on Monday. Revenues for FY2021 came in at ~INR 1tn ($13.75bn), up 18.8% to YoY and consolidated EBITDA was up 32.5% YoY at INR 461.4bn ($6.3bn). However, Bharti ended the financial year...
by bondevalue | May 18, 2021 | Asian Dollar Bonds
Future Retail’s 5.6% 2025s topped the loser’s list on Monday when it fell over 7% to 69.6 cents on the dollar, yielding 17%. This marks the dollar bond’s largest fall since February 2021 when the Indian High Court blocked Reliance Retail’s...
by bondevalue | May 17, 2021 | Asian Dollar Bonds, Financial Institution Bonds
Softbank set the record for the largest ever annual profit by a Japanese company with a net profit of JPY 4.99tn ($46bn) for the year ended March 31. The strong earnings by the Masayoshi Son-led company were fueled by gains of ~$58bn at the $100bn Vision Fund, $24bn...
