by Amruth Sundarkumar | May 22, 2023 | China, Investment Grade Bonds
GLP China offers one of the highest yields among IG-rated Chinese dollar bonds. GLP is primarily a real estate logistics company that has also expanded to investment management, data centers and renewable energy. The company, while rated BBB- by S&P and Fitch, was...
by Amruth Sundarkumar | Feb 22, 2023 | China
The China Securities Regulatory Commission (CSRC) announced the launch of a pilot programme where fixed-asset PE funds can invest in residential/commercial real estate and infrastructure projects in China. Here, foreign investors are also allowed to participate in...
by Amruth Sundarkumar | Feb 14, 2023 | China, Investment Grade Bonds
China Vanke is planning to issue RMB 15bn ($2.2bn) to boost its capital buffers. Caixin Global reports that it would be the biggest equity fundraising plan in the sector since the removal of equity refinancing restrictions in late November. Vanke is said to sell about...
by Amruth Sundarkumar | Jan 20, 2023 | China, Investment Grade Bonds
China Cinda Asset Management issued a profit warning in an exchange filing where it said that it expects to see a 40-50% drop in its net income for 2022. It expects a significant unrealized loss in fair value changes due to capital market volatility and the pandemic...
by Amruth Sundarkumar | Dec 22, 2022 | China, Insights
Macro Investment Grade Bonds High Yield Bonds Perpetual Bonds/AT1s China Real Estate The Chinese real estate sector saw a massive erosion in value this year, continuing the wave of defaults from 2021. Prominent defaults of Evergrande and Fantasia in late 2021 led to a...
by Amruth Sundarkumar | Dec 16, 2022 | China, Southeast Asia
With the six incumbent Macau casino operators being given new 10Y licenses which will come into effect from 01 January 2023 to operate, Reuters notes that operators are expected to focus on non-gaming activities in the new term. It said that Beijing is keen for Macau...
