United Offers Guidance on Metrics Needed to Breakeven

United Offers Guidance on Metrics Needed to Breakeven

United Airlines (UAL) announced its Q1 earnings on Monday as news of new virus variants and rollout of vaccines continue to make headlines. The airlines reported a decline of 66% in operating revenue to $3.2bn vs. Q1 2019 and a net loss of $1.4bn and an adjusted net...

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Morgan Stanley Sells Bonds Worth $7.5bn

Morgan Stanley Sells Bonds Worth $7.5bn

Morgan Stanley raised $7.5bn via a three-part offering, joining jumbo bond issuances from peers JP Morgan and Bank of America. It raised: $2bn via a 3Y non-call 2Y (3NC2) fixed-to-floating bond at a yield 0.731%, or T+57bp, 13bp inside initial guidance of T+70bp area...

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Golden Wheel Tiandi Downgraded to CCC+

Golden Wheel Tiandi Downgraded to CCC+

Chinese homebuilder Golden Wheel Tiandi (GWT) was downgraded by Fitch to CCC+ from B- on weak liquidity, refinancing risks and a deterioration of their business profile. Fitch said that the downgrade also reflects the likelihood of the company having difficulties...

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Colombia’s $3bn Two-Trancher 3.4x Covered

Colombia’s $3bn Two-Trancher 3.4x Covered

Colombia raised $3bn via a dual tranche offering. It raised $2bn via a 11Y bond at a yield of 3.356% or T+175bp, 30bp inside initial guidance of T+205 area. It also raised $1bn via a 20Y bond at a yield of 4.235% or T+205bp, 30bp inside initial guidance of T+235 area....

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