by Amruth Sundarkumar | Mar 29, 2022 | China, Investment Grade Bonds
Country Garden’s (COGARD) dollar bonds jumped as much as 14% after news that it secured loan quotas from AgBank and China Merchants Bank (CMB). Shanghai Securities News initally reported that COGARD entered a loan facility of RMB 20bn ($3.14bn) with the AgBank...
by Amruth Sundarkumar | Mar 28, 2022 | High Yield Bonds, Interest Rate Trends, Investment Grade Bonds
The yield curve continues to flatten further – the 2s10s has now flattened from 38bp in the beginning of the month to 15bp currently. US primary market issuances rose to $32bn vs. $18.5bn in the week prior. Investment grade (IG) corporates once again took the...
by Amruth Sundarkumar | Mar 21, 2022 | High Yield Bonds, Interest Rate Trends, Investment Grade Bonds
US primary market issuances dropped to only $18.5bn vs. $55bn in the week prior. Investment grade (IG) corporates once again took the chunk of issuances, with $16.5bn of deals while high yield (HY) issuance stood at a mere $604mn. The largest IG deals included Wells...
by Amruth Sundarkumar | Mar 18, 2022 | China, Distressed / Defaulted Bonds, Investment Grade Bonds
Zhenro Properties’ perpetual bond will be suspended from trading after the builder said that it did not redeem the perp as planned, following a 10-day grace period. Earlier this week, Zhenro said that it received sufficient bondholder support for a proposed debt...
by Amruth Sundarkumar | Mar 14, 2022 | High Yield Bonds, Interest Rate Trends, Investment Grade Bonds
US primary market issuances picked-up to a massive $55bn vs. $43bn in the week prior, primarily driven by AT&T-Discovery’s jumbo $30bn 11-part deal, the fourth largest bond deal ever in corporate issuance history. Investment grade (IG) corporates once again...
by Amruth Sundarkumar | Mar 11, 2022 | China, Corporates, Investment Grade Bonds
State-backed China Orient Asset Management is issuing an RMB 10bn ($1.6bn) bond where proceeds will be used to “help with the disposal of bad assets and resolve financial risks in the property market”, as per a filing with the National Interbank Funding Center. The...
