Ronshine, Far East Launch $ Bonds; Pan Brothers Downgraded; The Week That Was; Talking Heads
US equities ended lower last Friday as the S&P and Nasdaq were down 0.7% and 0.9% respectively. US 10Y Treasury yields moved 4bp lower with US headline and core retail sales for December falling 0.7% and 1.4% as consumer spending slowed down. US banks also...
ECB Threatens to Impose Additional Capital Requirements for Banks With Greater Risks Related to Leveraged Loans
The European Central Bank (ECB) is threatening to impose additional capital requirements on banks that fail to control risks related to the leveraged loan market. The ECB said via a statement, “Where banks incur risks in leveraged lending that are not adequately...
YPF Amends Bond Swap Offer After Investor Backlash
Argentinian state-backed energy company YPF amended a proposal for a $6.2bn bond swap after complaints from bondholders. YPF launched the initial offer on January 7 in a bid to stretch out maturities, delay interest payments and reduce near-term capital payments. The...
JPM, Wells, Citi Report Q4 Earnings With Mixed Results
JPMorgan Chase (JPMC), Wells Fargo and Citigroup reported earnings on Friday as the Q4 earnings season began last week. Below are highlights from their earnings: JPMC reported an EPS of $3.79 with net income up 42% to $12.1bn as it released $2.9bn in credit loss...
CFLD’s Dollar Bonds Recover, Although Concerns Remain
China Fortune Land Development (CFLD), whose bonds fell over 40% in the first week of the new year, saw its bonds recover some of the losses last week. Similar moves were also observed in Greenland Holdings’ bonds, which also fell earlier in the week on CFLD’s woes....
Sri Lanka Bonds Trade Higher as its Trade Deficit Narrows
Sri Lanka's dollar bonds traded higher as the island nation's trade deficit narrowed by $198mn to $565mn from $762mn in November, according to the latest central bank data. The narrowing margin was mainly due to a decline in import numbers rather than an increase in...
Amazon Requests SEBI & Exchanges to Not Okay the Future-RRVL Deal; Future’s Bonds Fall
Global e-commerce giant Amazon requested the Securities and Exchange Board of India (SEBI) not to give a no-objection certificate (NOC) to the Future Group-Reliance Retail deal since their case in the court still continues. Amazon had earlier got a Singapore court to...
Ant Group to Rectify its Best Practices to Comply with Chinese Regulatory Requirements
Ant Group, the owner of China's largest digital platform Alipay, is all set to rectify its business practices to comply with the Chinese regulatory requirements. Chen Yulu, Deputy Governor of People's Bank of China (PBOC) revealed during a press release that Ant Group...
Jiayuan Launches $ Bond; Oman Raises $3.25bn via Bonds; CFLD Downgraded by Fitch, Bonds Recover; CNOOC & Xiaomi Blacklisted; Sritex $ Bonds Slump
US equities ended slightly lower as S&P and Nasdaq were down 0.4% and 0.1% respectively. Fed Chair Powell said that “a lesson from the financial crisis a decade ago is not to exit a bond-buying program too early…interest rate increase would come no time soon” –...
