SwissRe, Aoyuan, NagaCorp Launch $ Bonds; Oman & Carnival Downgraded; HPCL-Mittal Energy Seeks to Amend Bond Terms

SwissRe, Aoyuan, NagaCorp Launch $ Bonds; Oman & Carnival Downgraded; HPCL-Mittal Energy Seeks to Amend Bond Terms

Investors are grappling between upbeat economic data and the surging number of coronavirus cases. Economic data from the US and Europe recovered with IHS Markit’s Eurozone flash PMI at 47.5 from May’s 31.9, US Markit PMI at 49.6 from 39.8 and US home sales...
Tata Motors Downgraded; BoE Ramps Up Purchases by £100bn; ECB Offers Loans to Banks at -1%

Tata Motors Downgraded; BoE Ramps Up Purchases by £100bn; ECB Offers Loans to Banks at -1%

Market sentiment is mixed at the end of the week after the US jobless claims report stayed above one million and reduced the hope for a V-shaped recovery. Investors see economic damage as an unavoidable consequence of rising coronavirus cases despite the Trump...
BOC, Haitong, China Oilfield, Jollibee Launch $ Bonds; India’s Outlook Revised; Pzifer & BP Close Jumbo Deals

BOC, Haitong, China Oilfield, Jollibee Launch $ Bonds; India’s Outlook Revised; Pzifer & BP Close Jumbo Deals

Rising cases of the coronavirus in the US and China have impacted sentiment in markets as concerns of a second wave grow day by day. European markets fared better than US markets and the primary bond market is seeing issuers everywhere raising funds. China...
A Sea of Red; Wynn Macau Launches $ Bond; EU Proposes Relief Measures for Banks

A Sea of Red; Wynn Macau Launches $ Bond; EU Proposes Relief Measures for Banks

A sea of red. Markets saw a sharp sell-off yesterday as investors showed concerns after the gloomy Fed outlook and economic data, the pace of the recent rally and signs of a possible second wave of the coronavirus. S&P saw its fourth largest drop in the last 5...
Thai Oil, MGM Launch $ Bonds; Garuda Extends Sukuk Maturity by 3Y; Delta Issues $1.25bn 5Y Bonds

Thai Oil, MGM Launch $ Bonds; Garuda Extends Sukuk Maturity by 3Y; Delta Issues $1.25bn 5Y Bonds

Markets have turned defensive after a gloomy FOMC meeting where Fed officials said that they would keep interest rates close to zero until at least the end of 2022 and that it would take years to bring joblessness back to pre-pandemic levels. The mostly unchanged...
Kepco, Central China, Greenland Launch $ Bonds; ; 31% of Dollar Bonds Up YTD; NFP Delivers 10mn Upside Surprise

Kepco, Central China, Greenland Launch $ Bonds; ; 31% of Dollar Bonds Up YTD; NFP Delivers 10mn Upside Surprise

31% of dollar bonds in our universe are trading higher today vs. the start of the year (full story below). Friday’s Non-Farm Payroll (NFP) number of +2.5mn vs. an expected -7.5mn gave a 10mn upside surprise that caused a sharp rally in equity markets and...
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