Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
Moody’s Reports Positive Outlook on Singapore’s Property Market
Rating agency Moody's summarized its take on the Singapore property market. Moody's said that the credit quality of rated REITs and large property developers will remain stable through 2023. Companies with quality office assets, such as CapitaLand Integrated...
Citigroup’s $500mn Revlon Transfer Error Sees Victory in Court
Citigroup won its appeal in a US court that ruled in favor of the bank to recover ~$500mn of its funds that it erroneously wired to Revlon's lenders. The court said that the lenders were not entitled to the repayment, and were on notice that the fund transfer was a...
Adani Group Debt Still a Concern for CreditSights Despite Softening Tone with New Calculations
In a new note, CreditSights softened its tone regarding its analysis of Adani Group by acknowledging some calculation errors. It corrected the EBITDA estimate for Adani Transmission (ATL) and revised its gross and net leverage ratios to 5.8x and 5.7x based on EBITDA....
Frasers Property Launches S$ Bond; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US 10Y Treasury yields were 2bp higher at 3.23% and 30Y yields were up 3bps to 3.39%. US IG CDS spreads tightened 6.3bp and US HY spreads were tighter by 28.6bp. US equity markets posted strong gains on Wednesday with the S&P and Nasdaq up by 1.8% and 2.1%...
Logan Group Briefs Creditors on $6bn Offshore Debt Plan: Sources
Logan Group has briefed some of its creditors about a draft proposal to restructure more than $6bn in offshore debt. A source said that the proposal would see Logan extend the average term of its debt to slightly more than 5 years. Sources note that under Logan’s...
CIFI Downgraded to BB- by S&P
CIFI was downgraded to BB- from BB with a negative outlook by S&P due to its increasing leverage. The rating agency sees a weakening sales outlook with muted property demand. It expects contracted sales to decline by 35-40% YoY to RMB 150-160bn ($21.5-23bn) in...
Sunac Receives Wind-up Petition
Sunac China has received a business wind-up petition in Hong Kong as per Bloomberg. The petition was made by a creditor known as Chen Huaijun, and the court hearing is dated for November 16. Sunac said that the winding-up petition is an aggressive move from an...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US 10Y Treasury yields were 10bp higher at 3.35% and the 30Y yield was up 11 bps to 3.5%, its highest level since July 2014. This move led to long-tenor/high duration bonds falling the most. Besides, the 2Y Treasury yield was also up 10bp after strong ISM...
Long-tenor Bonds of AAA Segment Drop after US 30Y Hits Multi-Year Highs
High duration and long-tenor dollar bonds of companies rated in the AAA to A bracket, the top-tier of the credit rating bucket, saw their prices top the losers list yesterday. These included bonds of companies like AT&T, Amazon, Alphabet, Temasek, Pepsico etc....
