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...
by bondevalue | Jul 11, 2019 | High Yield Bonds, Sovereign Bonds
While the month of May saw bond investors flock to safer assets amid trade tensions, June was characterized by a return to riskier assets on the back of a dovish stance by major central banks. The Fed signaled a possibility of a rate cut during the FOMC meeting on...
by bondevalue | Jul 4, 2019 | China
Future Land Development Holdings Ltd’s 57-year-old founder Wang Zhenhua has been detained by Shanghai police, triggering an exodus from the property developer’s bonds. The Company reported in an exchange filing late on 3 July that their billionaire founder...
by bondevalue | Apr 16, 2019 | China, High Yield Bonds
The Asian dollar bond market has seen a rapid rise in issuance by Chinese real estate developers since the beginning of the year, due to the broad stock market recovery from late 2018 and investor expectations for interest rates being held steady that have boosted...
by bondevalue | Mar 6, 2019 | High Yield Bonds
The upbeat sentiment continued for the Asian bond market, extending uncrystalized gains to US$ 48.82 billion in the new year (for US dollar denominated bonds in the BEV universe). Themes that we had seen in January continued on into February, with investors happy to...
by bondevalue | Feb 12, 2019 | High Yield Bonds
The new year began on a cheerful note with 87.7% of bonds in the BEV universe ending the month of January with a positive price return. This led to an uncrystallized mark-to-market gain of US$ 35.5 billion for US dollar denominated bonds in the BEV universe. Asian...
