by bondevalue | Feb 13, 2018 | Financial News, HomePage
Fitch Ratings upgraded Macau’s long-term foreign-currency ratings to ‘AA’ from ‘AA-‘, with a stable outlook. The upgrade reflects a number of key ratings drivers, including estimated GDP growth of 8.7% in 2017 following three consecutive...
by bondevalue | Feb 5, 2018 | Financial News, HomePage
Alibaba Group Holding Ltd.’s 40-year bond, maturing in 2057, posted the biggest losses year-to-date among Asian dollar bonds, as the Chinese e-commerce giant’s shares fell the most in 18-months, reducing its market capitalisation by US$30 billion late last week....
by bondevalue | Feb 1, 2018 | Financial News, HomePage
Federal Reserve officials met yesterday for the last time under Chair Janet Yellen, voting unanimously to leave borrowing costs unchanged, as was expected by the markets. In the FOMC statement however, the word “further” was added twice to previous...
by bondevalue | Jan 31, 2018 | Financial News, HomePage
Noble Group Ltd., who had fallen into financial difficulties because of the fall in commodities prices, reached a deal earlier this week to restructure $3.5 billion in debt. After a 3-year crisis marked by massive losses, write-downs and controversial accounting,...
by bondevalue | Jan 25, 2018 | Financial News, HomePage
Spain’s borrowing costs fell to 6-week lows and short-dated bond yields in Greece tumbled, after ratings upgrades for the 2 southern euro zone states provided further evidence of a turnaround for the bloc’s peripheral economies. Spain’s credit rating was raised one...
by bondevalue | Jan 22, 2018 | Financial News, HomePage
Tata Steel (Ba3/BB–/BB) has raised US$1.3 billion, in $300 million of 5.5-year paper at 4.45% and $1 billion of 10-year paper at 5.45%, to refinance its offshore obligations, which will help de-risk its balance sheet as well as enhance financial flexibility. This...
