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...
by bondevalue | Jan 23, 2019 | China
China Evergrande Group sold $3 billion in dollar bonds on 23 January, the biggest offshore high-yield bond sale from Asia so far this year. Evergrande is China’s second-largest property developer by sales and is one of China’s most indebted developers. The company has...
by bondevalue | Dec 21, 2018 | Distressed / Defaulted Bonds, High Yield Bonds, Southeast Asia
As Noble Group’s restructuring took effect on 20th December, a total US$800 million in new money debt, comprising of the New Trading Finance Facility, the New Hedging Support Facility and the Increase Trade Finance Facility, has been made available to New Noble,...
by bondevalue | Nov 30, 2018 | Financial Institution Bonds, Financial News, High Yield Bonds, India
Yes Bank Ltd. saw its dollar bonds tumble by a record amount after Moody’s Investors Service cut its credit ratings to sub-invesment grade level. The issuer’s foreign currency issuer rating was downgraded to “Ba1” from “Baa3”, and its...
by bondevalue | Sep 10, 2018 | Financial News, Global, High Yield Bonds
Tesla’s $1.8 billion 5.3% bonds due 2025 fell late last week to an all-time low as Chief accounting officer Dave Morton resigned after just a month with the company and amid new alarming antics from CEO Elon Musk, who smoked weed and drank whiskey during an...
