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...
StanChart, BP, China National Bluestar Launch $ Bonds; DPW Downgraded; Softbank Plans to Sell T-Mobile Stake

StanChart, BP, China National Bluestar Launch $ Bonds; DPW Downgraded; Softbank Plans to Sell T-Mobile Stake

Markets rallied taking comfort from the Fed’s determined monetary and fiscal support and a record increase in the US May retail sales number which rebounded 17% vs an expected 8% increase. A new coronavirus drug with encouraging trial results also calmed fears...
Indonesia, Ping An, NWD & CNPC Launch $ Bonds; Fed to Begin Direct Bond Purchases; Lippo Downgraded to B1

Indonesia, Ping An, NWD & CNPC Launch $ Bonds; Fed to Begin Direct Bond Purchases; Lippo Downgraded to B1

Markets reversed losses on Monday after the Fed announced more details of their corporate bond buying program. Investors shrugged off concerns about a second wave of the coronavirus in China and record hospitalizations in several US states. The Fed announced updates...
ICTSI, Powerlong Launch $ Bonds; $5bn Bailout Package for Cathay Pacific; Indian Dollar Bond Market Reopens

ICTSI, Powerlong Launch $ Bonds; $5bn Bailout Package for Cathay Pacific; Indian Dollar Bond Market Reopens

The rally in markets cooled off overnight over concerns that the move could have overshot economic prospects as well as some profit taking. Tuesday also saw German figures that pointed to the biggest collapse in exports from Europe’s largest economy on record in...
UPL, China Fortune, Ronshine Launch $ Bonds; GE Raises $3bn via Bonds; Commerzbank & ABN Sell EUR AT1s

UPL, China Fortune, Ronshine Launch $ Bonds; GE Raises $3bn via Bonds; Commerzbank & ABN Sell EUR AT1s

Monday saw an extension of the rally sparked by Friday’s NFP jump with US stock indices returning to profit for 2020. European stocks saw some profit taking following last week’s huge gains. Long dated US treasuries recovered a little after the sharp sell...
Kepco, Central China, Greenland Launch $ Bonds; ; 31% of Dollar Bonds Up YTD; NFP Delivers 10mn Upside Surprise

Kepco, Central China, Greenland Launch $ Bonds; ; 31% of Dollar Bonds Up YTD; NFP Delivers 10mn Upside Surprise

31% of dollar bonds in our universe are trading higher today vs. the start of the year (full story below). Friday’s Non-Farm Payroll (NFP) number of +2.5mn vs. an expected -7.5mn gave a 10mn upside surprise that caused a sharp rally in equity markets and...
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