by bondevalue | Jan 19, 2021 | India
Delhi International Airport Limited (DIAL) had been downgraded by Fitch to BB from BB+ while maintaining a negative outlook. The downgrade of India’s largest airport comes on the back of low traffic volume in 2020 due to the pandemic and a prolonged recovery...
by bondevalue | Jan 19, 2021 | China
According to rating agency S&P’s analysis, only 6.3% of Chinese property developers currently comply with the three-red lines drawn by authorities. This would imply that the developers cannot borrow more money from banks or financial institutions if existing debts...
by bondevalue | Jan 19, 2021 | High Yield Bonds, India
French oil major Total SE announced on Monday that it has acquired a 20% stake in Indian renewable energy company Adani Green in a $2.5bn deal. The deal will give Total a 50% stake in Adani’s 2.35GW portfolio of solar assets and a seat on the company’s...
by bondevalue | Jan 19, 2021 | China, High Yield Bonds
China Evergrande’s electric vehicle ambitions seem to have hit a roadblock with government scrutiny into its investments. Evergrande New Energy Vehicle Group, the EV unit of the indebted property developer was named in a directive in November from the National...
by bondevalue | Jan 19, 2021 | High Yield Bonds
German engineering company Thyssenkrupp is considering a spin-off of its struggling steel business, as per sources familiar with the matter. British tycoon Sanjeev Gupta’s Liberty Steel is considered to be the frontrunner, as Thyssenkrupp is currently in the...
by bondevalue | Jan 19, 2021 | China
The Chinese embassy in Nairobi said that China was in talks with Kenya on a debt-service suspension deal, days after the Paris Club agreed to delay $300mn in payments by Kenya. China signed payment suspension agreements with 12 African countries and gave waivers on...
