China’s Big-4 Asset Management Companies Downgraded by S&P
China’s big-4 asset management companies (AMCs) were downgraded by S&P upon challenging operating conditions due to China’s economic slowdown, market volatility and property sector troubles. Due to this S&P sees weakened earnings prospects. The...
Chinese Banks to Call Back $12bn in Perpetual Bonds amid Surge in Rates
Rising interest rates in the US, evident in US Treasury yields reaching decade highs, have compelled Chinese banks to call back their perpetual bonds (callable in September and October). Details can be seen in the table below: Given that the US 5Y yield has hit its...
Unifin Plans to Issue Peso Denominated Bonds after Refinancing Concerns
Mexican lender Unifin is planning to issue Mexican Peso denominated bonds this week. The announcement came after investors raised concerns about the company’s ability to refinance its debt. Unifin is in talks to potentially expand its revolving credit lines and renew...
Unifin’s Bonds Fall Due to Refinancing Concerns
Mexican lender Unifin bonds fell due to concerns among investors over the lender’s ability to tap the bond market and refinance debt due in 2023. The concerns came recently after Credito Real defaulted its franc-denominated bonds and Alpha Holdings reported an...
