Emirates NBD & JG Summit Launch $ Bonds; World’s Most Valuable Carmaker Is Rated Junk; Lufthansa Downgraded; TAQA Upgraded

Emirates NBD & JG Summit Launch $ Bonds; World’s Most Valuable Carmaker Is Rated Junk; Lufthansa Downgraded; TAQA Upgraded

Sentiment picks up as positive news about an early vaccine trial along with good economic data sent Wall Street higher. Nasdaq hit a new record. US ISM manufacturing data came in better than expected and rose to 52.6 in June from 43.1 in May. China’s Caixin PMI...
Sino-Ocean Cap, Agile, Ronshine Launch $ Bonds; Hilong Defaults; Lufthansa Deal Hits Roadblock

Sino-Ocean Cap, Agile, Ronshine Launch $ Bonds; Hilong Defaults; Lufthansa Deal Hits Roadblock

Markets started this week on a positive tone as investors look towards recovery as we get closer to quarter end. Economic growth and data this quarter have been some of the worst but markets have seen a record return primarily driven by central bank stimulus’...
Tata Motors Downgraded; BoE Ramps Up Purchases by £100bn; ECB Offers Loans to Banks at -1%

Tata Motors Downgraded; BoE Ramps Up Purchases by £100bn; ECB Offers Loans to Banks at -1%

Market sentiment is mixed at the end of the week after the US jobless claims report stayed above one million and reduced the hope for a V-shaped recovery. Investors see economic damage as an unavoidable consequence of rising coronavirus cases despite the Trump...
BOC, Haitong, China Oilfield, Jollibee Launch $ Bonds; India’s Outlook Revised; Pzifer & BP Close Jumbo Deals

BOC, Haitong, China Oilfield, Jollibee Launch $ Bonds; India’s Outlook Revised; Pzifer & BP Close Jumbo Deals

Rising cases of the coronavirus in the US and China have impacted sentiment in markets as concerns of a second wave grow day by day. European markets fared better than US markets and the primary bond market is seeing issuers everywhere raising funds. China...
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