by bondevalue | Mar 23, 2020 | Distressed / Defaulted Bonds
As more countries lockdown to fight the spread of the virus, policy makers scramble to try and ward off what may be a deep global recession. E-mini S&P futures fell by 5% this morning to be limit down giving a taste of the pain to come. Investors who have used...
by bondevalue | Dec 23, 2019 | China, Distressed / Defaulted Bonds, High Yield Bonds
Shandong Ruyi Techonology Group unexpectedly repaid bondholders on the maturity of its $345 million dollar bonds that came due on December 19. This comes against a backdrop of investor concerns over rising corporate bond defaults in China. The Chinese fashion and...
by bondevalue | Nov 18, 2019 | Distressed / Defaulted Bonds, Sovereign Bonds
Ecuador’s dollar bonds slumped to a record low amid doubts over repayment, as hopes of more loans from the International Monetary Fund (IMF) become diminished. The country’s Congress had rejected a bill designed to narrow the budget deficit through a tax...
by bondevalue | Nov 11, 2019 | China, Distressed / Defaulted Bonds
Tsinghua Unigroup Co., one of China’s most strategically important technology companies, has seen the price of its dollar-denominated bonds sink as investors expressed fears over the chipmaker’s financial health. Its Hong Kong-traded $750 million bonds due in...
by bondevalue | Aug 26, 2019 | Distressed / Defaulted Bonds
In June 2017, Argentina set a benchmark in the markets with its issuance of 100-year bonds. Investors’ orders stood at $9.75 billion for a final issue size of $2.75 billion on the century bonds that paid a coupon of 7.125% against a yield of 7.917%. Hardly 2 years...
by bondevalue | Jul 22, 2019 | Distressed / Defaulted Bonds, High Yield Bonds
Delta Merlin Dunia Textile (DMDT), an Indonesian textile manufacturer within the Sumitro family’s Duniatex group, had its bonds plummet by nearly 67 cents on the dollar last week in a shocking sell-off prompted by a missed loan payment by another group...
