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Sri Lanka Considering Dollar Bond Exchange

Sri Lanka Considering Dollar Bond Exchange

Sri Lanka is working on a debt restructuring proposal wherein its existing dollar debt will be replaced by new securities. According to the statement by the Finance Ministry, banks have been invited to submit their proposals for the transaction. Last week, it was...

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Wanda Sells 60% of Mall Unit for $8.3bn

Wanda Sells 60% of Mall Unit for $8.3bn

Chinese property developer Dalian Wanda has sold a 60% stake in its mall unit to a group of investors including PAG, CITIC Capital,  Abu Dhabi Investment Authority, Mubadala and Ares Management. Proceeds from the stake sale amount to $8.3bn, providing a sizeable boost...

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Treasuries Trade Steady; US Q3 GDP at 3.4%

Treasuries Trade Steady; US Q3 GDP at 3.4%

US Treasury yields were stable across the curve on Thursday. The final reading of the US Q3 GDP came at 3.4%, higher than both, the prior reading and expectations of 3.2%. Initial jobless claims for the prior week came at 210k, unchanged from the week before that and...

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