YPF Amends Bond Swap Offer After Investor Backlash

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...

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JPM, Wells, Citi Report Q4 Earnings With Mixed Results

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...

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CFLD’s Dollar Bonds Recover, Although Concerns Remain

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....

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Sri Lanka Bonds Trade Higher as its Trade Deficit Narrows

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...

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