by bondevalue | May 17, 2021 | Asian Dollar Bonds, Singapore Dollar Bonds
Singapore based Olam International Limited announced on May 14 that it had secured a 2Y committed loan facility worth $1bn through its subsidiary Olam Holdings. The global food and agri-business leader intends to use the proceeds to finance the acquisition of Olde...
by bondevalue | May 17, 2021 | Asian Dollar Bonds
Indian real estate player Lodha Developers reported strong earnings for the fourth quarter ended March 31 late last week. The company reported a net consolidated income of INR 26.11bn ($356.3mn), down 18% vs. the same quarter last year and a profit after tax of INR...
by bondevalue | Apr 22, 2021 | Asian Dollar Bonds, China, Investment Grade Bonds
China is considering a plan where a unit of the central bank, PBOC, would assume more than CNY 100bn ($15bn) of assets from China Huarong Asset Management Company (CHAMC), according to sources. This would help clean up CHAMC’s balance sheet and refocus on its core...
by bondevalue | Apr 22, 2021 | Asian Dollar Bonds, Sovereign Bonds
Philippines raised €2.1bn via a three-tranche bond issuance priced on Wednesday. It raised: €650mn 4Y bonds at a yield of 0.374%, 25bp inside initial guidance of MS+100bp area. €650mn 12Y bonds at a yield of 1.248%, 25bp inside initial guidance of MS+130bp area....
by bondevalue | Apr 22, 2021 | Asian Dollar Bonds, Sovereign Bonds
Malaysia raised $1.3bn via a two-part offering priced on Wednesday. It raised: $800mn via a 10Y sustainability sukuk at a yield of 2.07%, 40bp inside initial guidance of T+90bp area $500mn via a 30Y sukuk at a yield of 3.075%, 35bp inside initial guidance of T+115bp...
by bondevalue | Nov 24, 2020 | Asian Dollar Bonds, China, Sovereigns
US equities ended slightly higher with S&P up 0.6% led by energy, financials and industrials. US yields were higher with the 10Y and 30Y Treasury yields up 4bp and 5bp. News that former Fed Chair Janet Yellen will be nominated by President elect Joe Biden as the...
