Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
Ecuador’s Dollar Bonds Rise as it Reaches IMF Agreement for $1bn Program
Ecuador and the IMF reached a staff-level agreement regarding the economic policies required to conclude reviews of its 27-month Extended Fund Facility arrangement-supported program. Once the review is complete, Ecuador will have access to financing worth ~$1bn, which...
4 New $ Deals Launched; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US equity markets saw a slight recovery yesterday with the S&P and Nasdaq closing a 0.3% and 1% higher respectively after the week began with a massive risk-off sentiment. Sectoral gains were led by IT, up 1.6% and Energy up ~1%. European markets closed in the...
Sunac’s Grace Period Approaches End; COGARD’s Dollar Bonds Drop 3-5 Points
Sunac China's grace period to make a $29.5mn dollar bond coupon payment ends today on May 11, 2022. The bond in question is its 7.25% 2023s that currently trade at distressed levels of 23 cents on the dollar. As per the bond's prospectus, a failure to make the coupon...
Vedanta to Withdraw Arbitration on Hindustan Zinc; Zambia to End Vedanta Legal Tussle
Indian metals & mining giant Vedanta Ltd. will apply to withdraw the arbitration on buying the Government of India’s stake in Hindustan Zinc which was filed in 2009. Hindustan Zinc's promotor is Vedanta, which holds 64.92% and the Government of India has a 29.5%...
Pakistan Hires Banks for Dollar Bond Sale Under New Government
Pakistan has hired banks for its first dollar bond sale under the new government led by Prime Minister Shehbaz Sharif. As per reports, JPMorgan Chase, Citigroup, Standard Chartered and Credit Suisse are the banks that have gotten the nod to manage the sale of...
Zhongliang Proposes Bond Extension as Three Red Lines Constrains Funding
Zhongliang Holdings is said to have become the latest victim of China's three red lines policy, as per SCMP. The company is currently under liquidity stress and has given creditors more time to accept an exchange offer on two of its dollar bonds. The bonds in question...
Garuda Airlines Proposes Extension of Restructuring Again
Garuda Airlines has asked a Jakarta court to extend its deadline to complete its debt-restructuring for the third time. The reason cited was verification of some claims still remaining unfinished, with a 30-day extension being sought. "We are certain that this will be...
China’s Share of Asian Dollar Bond Issuances Drops to a 9Y Low
China's share of Asian dollar bond issuances has dropped to 46.3% this year, the lowest since 2013. China has typically contributed to over 50% of Asia's dollar bond issuances in the last 7 years, with a high of 65.9% in 2017. A bulk of Chinese dollar issuances have...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US equity markets crashed again with the S&P and Nasdaq closing 3.2% and 4.3% lower respectively as global markets were marred by risk-off sentiment. Sectoral losses were led by a massive 8% drop in Energy, followed by over 4% drops in Consumer Discretionary and...