Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
MCT, MNACT Report Results
Mapletree Commercial Trust (MCT) reported a 3.4% decline in distribution per unit (DPU) to S$0.0514 for H2 2021. Gross revenue was down 1.8% to S$255.8mn during the period. The Reit’s manager noted that higher one-off adjustments due to property tax rebates and...
Pakistan Required to Cut expenditures, Development Funds to Revive IMF Programme
Pakistan's finance minister Miftah Ismail said that Pakistan will need to cut expenditures and public sector development funds in order to be able to revive an IMF programme. Reuters notes that Pakistan is currently waiting for the IMF to resume talks on its seventh...
Sino Ocean, Korea Water Launch $ Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
The S&P and Nasdaq closed higher on Tuesday, up 1.6% and 2.2% respectively. Consumer Discretionary, Real Estate and Communication Services led the gainers, up over 2% each. US 10Y Treasury yields eased 9bp to 2.94%. European markets closed weaker after an extended...
R&F Properties’ Bonds Downgraded to C from CC by Fitch
The senior unsecured dollar bonds of R&F Properties were cut to C from CC by Fitch whilst affirming the issuer's ratings at CC. The downgrade is due to structural subordination of their offshore bonds to onshore debt. As per Fitch, offshore debt recovery fell to...
Spreads on Riskiest High Yield Bonds Widen by Most YTD
Spreads on US CCC-rated bonds have widened 125bp YTD in 2022 vs. compared to 57bp for BB-rated debt and 69bp on average for all junk bonds, according to Bloomberg data. Whilst a multitude of factors including rising inflation and interest rates, the Russia-Ukraine...
Tsinghua to Hand Over Investment Arm to Sichuan SASAC
China’s Tsinghua University will hand over its investment arm, Tsinghua Holdings to the Sichuan State-owned Assets Supervision and Administration Commission (SASAC) for no consideration. The government agency will then transfer the assets to Sichuan Energy Industry...
E-House Defaults on Dollar Bond
China's E-House defaulted on its $298.2mn 7.625% bonds due April 18, 2022, as was expected based on its warning on Monday. This has triggered a cross default wherein holders of its 2023s will now be able to request to accelerate payment. The developer suspended...
Netflix Faces 200k Subscriber Loss, First Decline in a Decade
Netflix reported a 200,000 drop off in paid users during its Q1 2022 results, its first decline in a decade, since October 2011. This comes after Netflix previously told shareholders that it expected to add 2.5mn net subscribers during the first quarter. It now...
Mirae, TSMC Launch $ Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
S&P and Nasdaq closed largely flat on Monday after the Good Friday long weekend. Energy led the gainers, up over 1.5% while Healthcare led the losses, down over 1.1%. US 10Y Treasury yields eased 4bp to 2.84%. European markets were closed due to Easter Monday....
