by bondevalue | Dec 11, 2020 | Credit Ratings, Southeast Asia, Sovereigns
Rating agency S&P downgraded the Sri Lankan sovereign rating to CCC+ from B- with a stable outlook. They cited that with the implementation of expansionary budget measures in Sri Lanka, the fiscal position would materially deteriorate over the next few years along...
by bondevalue | Nov 9, 2020 | Credit Ratings, Southeast Asia, Sovereigns
US equities ended the week flat on Friday with the S&P and NASDAQ almost unchanged. European equity indices were slightly lower, down ~0.5%. Treasury yields jumped with the 10Y up ~6bp to 0.83% as US jobs data signaled some positivity – unemployment rate down to...
by bondevalue | Sep 1, 2020 | High Yield Bonds, Macroeconomic news, Southeast Asia
Western markets ended the month on a mixed note with huge rallies in Apple and Tesla that surged 3.4% and 12.6% respectively after their stock splits. This caused the Nasdaq to climb 0.68%, closing it almost 20% above the pre-covid peak. Despite spikes in coronavirus...
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 | Sep 27, 2017 | Financial News, High Yield Bonds, HomePage, Investment Grade Bonds, Southeast Asia, Southeast Asia
India and Indonesia have together captured almost one-fifth of emerging-market bond net inflows year-to-date through August, as investors continue to be lured by their rich yields and strong growth prospects when they were but a few years ago considered among the most...
by bondevalue | Jun 14, 2017 | Financial News, High Yield Bonds, Southeast Asia
Indonesian Tanker company PT Soechi Lines decided to postpone its dollar bond offering announced on Monday citing market uncertainty and typhoon Merbok that hit Hong Kong. Moody’s had rated the bonds B1 and the initial guidance was at 8.375%. The issuer had also held...
