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 Treasury yields were slightly lower across the curve on Tuesday. The peak Fed funds rate was 1bp higher at 4.91% for the June 2023 meeting. The probability of a 25bp hike at the FOMC's February 2023 meeting stands at 97%. US S&P flash manufacturing PMI came at...
The Week That Was (16 – 22 January, 2023)
US primary market issuances stood at $19.4bn last week vs. $17.6bn a week prior. IG issuances stood at $13.4bn led by Morgan Stanley's $6bn three-trancher and BofA's $3bn issuance. HY issuances stood at $5.95bn with DISH Network's $1.5bn deal and Transocean's $1.18bn...
WeWork’s Dollar Bonds Jump 6-9 Points
WeWork's dollar bonds jumped by 6-9 points. The company had recently announced that it planned to cut about 300 roles in order to cut costs in addition to reducing its real estate footprint, amid reducing its cash burn. In November, WeWork announced its exit from 40...
Pemex Said to Plan $2bn Bond Issuance Amid $10bn in Payments Due in 2023
Pemex's dollar bonds were higher by ~1 point with sources noting that the company is planning to issue at least $2bn in bonds before a blackout period starts on February 12. Earlier this month, sources said that the Mexican Finance Ministry wanted Pemex to be able to...
Ghana Restructuring Terms Said to Favor Local Creditors Over Offshore Bondholders
Ghana's terms of restructuring for its local bonds is said to be favoring domestic creditors over its offshore creditors. Ghana commercial banks agreed to the government’s proposal of a 5% coupon payment in a domestic debt swap program and also agreed on a single...
Ecuador’s Dollar Bonds Drop by ~2 Points
Ecuador's dollar bonds dropped by as much as 2 points across the curve. While the reason for the move was not clear, its bonds have continued its uptrend since the news came out in October that the government planned to buyback its bonds. Since October, its dollar...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US Treasuries sold-off by 3-6bp across the curve after having eased sharply the day before. The peak Fed funds rate moved 5bp higher to 4.90% for the June 2023 meeting. The probability of a 25bp hike at the FOMC's February 2023 meeting stands at 94%, almost unchanged....
Vedanta to Sell International Zinc Ops to Hindustan Zinc; Dollar Bonds Move Higher
Vedanta Ltd. will sell its assets from THL Zinc Ltd. Mauritius to its majority 65% owned unit Hindustan Zinc for $2.98bn in cash. The sale is set to help consolidate the zinc businesses and cut down debt for its parent company Vedanta Resources Ltd that has $900mn in...
Adani Enterprises to Issue $2.5bn of Shares
Adani Enterprises will issue shares worth INR 200bn ($2.5bn) in an effort to reduce its debt and fuel its expansion objectives. The issue price will be at a discount of 9-13% to its closing share price of INR 3,595.35/share ($44/share) on Wednesday. with retail...
