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 equity markets saw a sharp risk-on move with the S&P and Nasdaq closing 2.1% and 3% higher. All sectors were in the green led by IT which was up 3.5% followed by Consumer Discretionary and Energy, up over 2.3% each. US 10Y Treasury yields moved 2bp higher to...
Evergrande Misses Coupon Payments
China Evergrande missed the 30-day grace period deadline to pay coupons worth $41.9mn and $40.6mn on its 13% 2022s and 13.75% 2023s respectively. Media agencies state some bondholders said that they did not receive the coupons on the bonds. Rating agency S&P's...
Credito Real Downgraded to B+ by S&P; On CreditWatch Negative
Credito Real was downgraded to B+ from BB- on tight liquidity by S&P. S&P says that Credito Real's results in 2021 were below its expectations, and along with the region's adverse economic market conditions its finances can weaken. Besides, they add that...
Pemex Refinery Deal May Cost $1bn More than Expected
Pemex may spend about $1bn more than expected to take over Royal Dutch Shell Plc’s Deer Park refinery. The extra spending is more than 2x the price announced in May for $596mn. Pemex has requested about $1.6bn to acquire the refinery including a capitalization from...
Softbank Looking to Dump $500mn of WeWork Bonds
According to people familiar with the matter, Softbank is looking to dump $500mn worth of WeWork debt that the former offered to the latter over a year ago to ease WeWork's liquidity issues. Softbank had purchased $2.2bn worth of 5% bonds maturing in 2025 from WeWork...
Shimao’s Dollar Bonds Jump ~10% after 150mn Share Issuance
Dollar bonds of Shimao jumped up to 10% after it raised HKD1.17bn ($150mn) from the sale of 145mn shares at HKD 8.14/share. The offer price for the share sale was ~8.5% lower than its closing price on December 6 of HKD 8.90. The proceeds will be used for debt...
Reliance-ADNOC Agree to Build $2bn UAE Petrochem Plant
Reliance Industries Ltd and the Abu Dhabi National Oil Co. (ADNOC) have agreed to build a $2bn petrochemical plant in the UAE. In a statement released, it was mentioned that the collaboration will see the establishment of a joint venture at Ta’ziz, the chemicals and...
Golden Wheel Tiandi Plans Amendment of Bond Terms
Chinese developer Golden Wheel Tiandi is in discussions with bondholders to amend the terms on three of its outstanding dollar bonds, that includes a possible maturity extension. The three bonds in question are its $121.506mn 12.95% 2022s, $178.495mn 14.25% 2023s and...
6 New $ Deals incl. Greenland, Greenko; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US equity markets recovered on Monday with the S&P and Nasdaq closing 1.2% and 0.9% higher. All sectors were in the green led by Industrials, Consumer Staples, Energy and Utilities, up over 1.5% each. US 10Y Treasury yields moved 6bp higher to 1.44% as the...