India Plans to Issue Debut Foreign Currency Debt Before the End of 2019
India plans to raise as much as $10 billion, about 10-15% of the country's total borrowing, from its first overseas sovereign bonds in the second half of 2019. The foreign offering will leverage on the currently huge appetite for India's local debt in the foreign...
Future Land Founder Detained, Prompting Sell-Off in Bonds
Future Land Development Holdings Ltd's 57-year-old founder Wang Zhenhua has been detained by Shanghai police, triggering an exodus from the property developer's bonds. The Company reported in an exchange filing late on 3 July that their billionaire founder and...
Market Predicts 100% Chance of a Rate Cut in July
Despite the Federal Open Market Committee voting 9-1 to keep the benchmark interest rate in a target range between 2.25 and 2.5%, traders in the fed funds futures markets came in with big bets on the Federal Reserve cutting interest rates aggressively in the months...
Turkey’s Bonds Fall After Moody’s Rating Downgrade
Moody’s Investors Service downgraded the Government of Turkey’s long-term issuer ratings from Ba3 to B1 late last week. The rating agency also downgraded the senior unsecured bond ratings of Hazine Mustesarligi Varlik Kiralama, the wholly owned SPV through which the...
Temasek’s Astrea V Targets US$600 million for its PE Bond
The Azalea Group, a subsidiary of Singapore’s Temasek Holdings specialising in private equity investments, has launched Astrea V, a securitised bond backed by 38 private equity funds managed by 32 private equity managers and valued at US$1.3 billion, giving exposure...
Bond Investors Take Flight to Safety Amid Trade War Tensions
The month of May was characterized by heightened trade tensions between US and China, as both superpowers failed to arrive at an agreement during trade talks held in Washington. The escalation in geopolitical risk spooked global markets as investors took flight to...
50 bps Rate Cut By End of 2019, Says Fed Funds Futures
U.S. fed funds futures contracts extended their rally and are currently indicating more than half a percentage point of interest rate cuts this year by the Federal Reserve. Several U.S. primary dealers corroborate these numbers with their prediction of rate cuts in...
Fed Atlanta President Bostic Says Rate Hike or Cut are Equally Likely This Year
Federal Reserve Bank of Atlanta President Raphael Bostic said during a Bloomberg Television interview that he does not think U.S. monetary policy needs to be adjusted, and that the scales are neither tilted towards an interest-rate increase or cut. He elaborated that...
Perpetual Bonds – Key Risks to Know Before Investing
Perpetual bonds have became very popular among individual investors, but the question is do you know what you are buying? Here are some of the key risks that you should keep in mind before investing in perpetuals. 1. Redemption Uncertainty Perpetual bonds are a unique...
