Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
SMC Global’s Dollar Perps Rebound by 2-3 Points on Earnings Results
Dollar perps of SMC Global rebounded by 2-3 points after the company reported a 27% YoY jump in it Q1 profits. The conglomerate reported PHP 17.7bn ($320mm) in net profits with its operating income also rising by 8% to PHP 35.1bn ($630mn). The company's revenues...
Markets Keenly Await Turkey’s Election Results; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US Treasury yields jumped higher across the curve by over 9bp. The US National Economic Council Director Lael Brainard said that the debt ceiling talks were constructive ahead of the June deadline. On the data front, the Michigan Consumer Sentiment Index came at 57.7,...
The Week That Was (08 – 14 May, 2023)
US primary markets saw $37.5bn in new deals last week as compared to $35.4bn in deals a week prior to it. Of the deal volumes, IG issuers raised $33.8bn in new issuances led by Merck's $6bn six-trancher and Apple's $5.5bn five-trancher. HY saw $3.7bn in new deals...
KWG Misses $119mn Payment on Dollar Bonds Due 2024
KWG Group has missed a $119mn payment on its 6% dollar bonds due January 2024. The developer noted that it missed the payment that included 15% of the principal, and the accrued/unpaid interest, due May 14. KWG has not yet received any acceleration notice from...
South Africa’s Dollar Bonds Rebound After Falling 3% on Arms Supplying Allegations
Dollar bonds of South Africa dropped by ~3% across the curve on Friday but have reversed losses since then. This comes after the US Ambassador to South Africa alleged that the country supplied ammunition to Russia. South Africa has taken a neutral stance on Russia's...
Kenya Downgraded to B3 by Moody’s
Kenya was downgraded to B3 from B2 by Moody's citing an increase in government liquidity risks. The rating agency said that domestic funding conditions have "deteriorated considerably". With very low net domestic issuance adding to financing shortfalls alongside...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US Treasury yields continued to move lower across the curve by 4-7bp as softer data continued to keep a bid on Treasuries. The US Producer Price Index (PPI) in April fell to 2.3%, from 2.7% a month prior. Initial jobless claims for the prior week rose by 22k to 264k,...
Turkey’s Dollar Bonds Rally on Better Prospects for Erdogan’s Rival After Third Candidate Withdraws
Turkey's dollar bonds rallied by over 2-4% after the withdrawal of Muharrem Ince was said to boost the chances of Erdogan's presidential challenger, Kemal Kilicdaroglu. Muharrem Ince is a prominent politician and a former presidential candidate. His pulling out is...
Adani Group Companies Aim to Raise $3-5bn, Say Sources
Three Adani Group companies, namely Adani Enterprises, Adani Green and Adani Transmission are planning to raised a combined $3-5bn, as per sources. All three companies said they would be holding board meetings during the weekend to consider the potential fundraise....