Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
Pemex Reports Quarterly Loss of $6bn
Mexico's Pemex released its Q4 results where it reported a net loss of $6.05bn vs a $4.7bn profit in 4Q2020. The losses were mainly due to taxes and currency exchange losses. During the quarter, Pemex paid MXN 98bn ($4.7bn) in taxes, and incurred forex losses of MXN...
Macy’s Upgraded to BB by S&P
US department store Macy's was upgraded to BB from BB- by S&P. Its second-lien debt was upped to BBB- from BB+ and on its unsecured notes to BB from BB-. Macy's reported strong operating results and reduced leverage during its Q4 update. Adjusted EBITDA margin...
Oxy to Buy Back $2.5bn of Debt
Occidental (Oxy) is buying back $2.5bn of its bonds in an effort to cut its debt after reporting strong earnings. Its net income in Q4 2021 stood at $1.3bn as compared to a loss of $1.3bn in Q4 2020. The positive results come after average WTI and Brent prices were at...
Brookfield to Buy 60% Stake in FAB’s Payments Biz at $1.15bn Valuation
Brookfield Business Partners and its partners have agreed to buy a 60% stake in the payments business of First Abu Dhabi Bank (FAB), known as Magnati with a valuation of $1.15bn. Once completed, FAB will retain a 40% stake in Magnati and will continue its partnership...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US equity markets registered another strong day of gains on Friday with the S&P and Nasdaq ending 2.2% and 1.6% higher. All sectors ended in the green, led by Materials and Financial, up 3.2-3.5%. US 10Y Treasury yields eased 5bp on Friday. European markets also...
The Week That Was (21 – 27 February)
With a risk-off week due to the Russia-Ukraine military attacks, US Treasury yields swung wildly. The US 10Y yield dropped 10bp intraday early last week once news of Russia's military attack on Ukraine broke out. US primary market issuances dropped to $17.2bn vs....
Evergrande Faces Criminal Probe in Cayman; Sells Assets to State-owned Companies
Evergrande is facing a criminal probe after Dr. Marco Metzler, a credit analyst and Evergrande creditor, accused the developer of committing insolvency fraud in documents submitted to the Director of Public Prosecutions in the Cayman Islands. He said that while...
FWD’s Hong Kong IPO Filing Likely on Monday
FWD Group is close to filing an IPO to raise about $1bn at the Hong Kong stock exchange as per sources reported by Bloomberg. The listing may take place by H1 2022, though it depends on market volatility and demand. The Hong Kong listing plan comes after FWD dropped...
Yuzhou’s Auditor EY Resigns on Accounting Process Concerns
Yuzhou Group's auditor EY has resigned due to concerns about the developer's accounting processes, as per an exchange filing. The filing notes that the progress of the 2021 audit was significantly behind the original pre-agreed timetable, due to which EY is not in a...
