Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US equity markets ended higher on Wednesday with the S&P and Nasdaq up 1.6% and 2.6% respectively. Sectoral gains were led by Information Technology gaining 2.7%, followed by Consumer Discretionary climbing 2.5%, while Energy dipped 3%. US 10Y Treasury yields...
SocGen Posts $1.5bn Loss, Narrower vs. Estimates
French lender Societe Generale reported a consolidated net loss of €1.5bn ($1.5bn) for Q2 vs. a net profit of €1.4bn ($1.4bn) in the last year. However, the result beat analyst expectations of a net loss of €2.3bn ($2.3bn). The loss was attributed to the disposal of...
Commerzbank Reports Profits, Restructuring Costs Dip
Germany's Commerzbank reported a consolidated net profit of €470mn ($478.9mn) for Q2 vs. a net loss of €527mn ($536.9mn) in the previous year. Total revenues were at €2.4bn ($2.5bn), up 30.1% YoY driven by strong customer business and rising interest rates. Net...
Pakistan Bonds Inch Up After Halving its Trade Deficit
Pakistan’s bonds inched up along with a 4% jump in the Pakistani rupee (PKR) yesterday on news that the nation has halved its trade deficit in July to $2.6bn and that it is making progress in receiving a bailout from the IMF. Bloomberg notes that export-related...
Future Retail Downgraded to D by Fitch as Bankruptcy Proceedings Begin
Future Retail has been downgraded from RD to D by Fitch after bankruptcy proceedings against the company were set into motion. A court order on 20 July showed that the Indian retailer had submitted a petition under India’s Insolvency and Bankruptcy Code, 2016 after it...
LQD Sees 10 Straight Days on Inflows Totaling $2.4bn
One of the largest bond ETFs, the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) witnessed its tenth straight day of inflows totaling ~$2.4bn, as per Bloomberg data. This underscores the returning demand for corporate bonds. The recent bout of inflows takes...
DBS Posts 7% Fall in Profits
Singaporean lender DBS reported a 7% YoY fall in Q2 2022 net profits to S$1.8bn ($1.3bn). Total income rose 7% YoY to S$3.8bn ($2.8bn), of which, net interest income rose 17% to S$2.45bn ($1.8bn), while net fee income fell 12% to S$768mn ($556mn) due to weaker market...
Axa’s 1H Profits Rise Despite High Base
French insurer AXA reported an 8% YoY growth in underlying earnings of €3.9bn ($4bn) for H1 2022. Gross revenues increased 2% YoY to €53.9bn ($54.8bn). In terms of revenue contribution, Property & Casualty was up 1% YoY to €29.3bn ($29.8bn), Life & Savings...
Greenko Gets ~$700mn Loan from PFC for River Power Project
India based Greenko secured a INR 55bn ($700mn) loan from state-owned Power Finance Corporation (PFC) to build a river energy storage project in the southern state of Andhra Pradesh. The debt is in the form of a 20-year loan at an annual interest rate of 11%; the...
