Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
Wanda’s Dollar Bonds Dip Further on Liquidity Concerns Following Unit’s Possible IPO Delay
Dalian Wanda Group’s dollar bonds were lower by another 3-5 points yesterday. This comes on the back of a setback to its unit’s Hong Kong IPO, where sources said that the chairman Wang Jianlin highlighted difficulties in its listing. Zhuhai Wanda Commercial Management...
Kenya and African Nations’ Dollar Bonds Come Under Pressure
African nations' dollar bonds have been in focus after the IMF published a report titled "The Big Funding Squeeze" highlighting their concerns about the region. With economic growth slowing down for a second straight year and no sovereign dollar bond issuances from...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US Treasury yields firmed by 3-5bp across the curve with the US Flash Composite PMI reading for April rising from March’s 52.3 to a 11-month high of 53.5. This was also much higher than estimates of 51.2, indicating some underlying strength in the economy. CME...
The Week That Was (17 – 23 April, 2023)
US primary markets saw $29bn in new deals last week as compared to $10.3bn in new deals a week prior to it. Of the deal volumes, IG issuers raised $26.9bn in new issuances led by three big US banks - BofA raised $8.5bn via a two-part deal, Morgan Stanley that raised...
Adani Ports’ Bonds Rally on Launch of Buyback to Convey “Comfortable Liquidity”
Dollar bonds of Adani Ports and SEZ were among the top gainers last week as the company launched a tender offer to buyback up to $130mn of its outstanding $650mn 3.375% bonds due July 2024. The company said it was part of a liability management exercise and will be...
Vedanta Says It’s Confident on Paying Dollar Debt; HZL Not Resigned to Buying Vedanta Overseas Mine
Vedanta Resources said it will make bond payments due this month. The company had $416mn of interest and principal payments on its 8% notes maturing on Sunday for which the payment is due today, being a business day. Besides it also has a $27.8mn coupon due on its...
China HY Dollar Bonds Erase 2023 Gains Led by Property Sector Worries
Chinese HY dollar bonds have reversed its gains this year, after having risen 10% through January. Besides existing concerns on the overall state of the property market, the latest events have caused angst. Worries about Dalian Wanda, Sino-Ocean and Country Garden...
Macro; Rating Changes; New Issues; Talking Heads; Gainers and Losers
US Treasury yields dropped yesterday with the 2Y yield down 12bp and the 10Y down 7bp. This comes on the back of economic data yesterday that points towards some indications of a slowing down of the US economy. Weekly initial jobless claims rose to 245k from 239k, its...
Vedanta Pledges More Hindustan Zinc Shares
Vedanta Ltd. has pledged 2.44% more shares of its subsidiary Hindustan Zinc (HZL) to avail a term loan of INR 15bn ($183mn). Hindustan Zinc plans to use the proceeds from the loan for capital expenditure, debt repayment, and operational expenses. Vedanta has a history...
