Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
Tech Majors Amazon and Apple Miss on Results
Apple reported revenues of $83.4bn in Q4, missing estimates of $84.7bn. While revenues grew 29% from the same period last year, that quarter did not include a new iPhone. iPhone revenues were up 47% YoY to $38.9bn, but missed expectations of $41.5bn. Mac revenues were...
FAB’s Q3 Profits Jump 54% to $1bn
UAE's largest lender, First Abu Dhabi Bank (FAB) reported strong Q3 results with operating income up 49% YoY to AED 6.41bn ($1.75bn) driven largely by a 125% YoY jump in non-interest income to AED 3.27bn ($890mn). Operating profits came in at AED 4.82bn ($1.31bn), up...
Macquarie Posts Record H1 Profits
Australia’s Macquarie Group reported a record profit of A$2.04bn ($1.54bn) in the six months to September, up from A$985mn ($742mn), and slightly higher than the prior half’s A$2.03bn ($1.53bn). The company recorded double-digit growth compared to a year earlier in...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US equities ended mixed with the S&P down 0.5% while the Nasdaq was unchanged. Besides Communication Services and Consumer Discretionary, up 1% and 0.2%, other sectors were in the red, dragged by Energy and Financials, down 2.9% and 1.7% respectively. US 10Y...
Kaisa Downgraded Two Notches by S&P and Fitch to CCC+
Kaisa Group was downgraded two notches by both S&P and Fitch to CCC+ from B due to elevated refinancing risk. Both rating agencies cite that Kaisa has over $3.2bn in bond maturities (onshore and offshore) due in 2022 and also has substantial coupons on its USD...
China Developers Propose Debt Restructuring & Maturity Extension to Regulators say Sources
Chinese property developers have proposed maturity extension of their offshore bonds or a debt restructuring in a meeting with two regulators, say sources as per Reuters. The regulators involved were the National Development and Reform Commission (NDRC) and the State...
Commercial Bank of Dubai Reports 29% Jump in 9M Profits
Emirati lender Commercial Bank of Dubai (CBD) reported a 31.4% and 28.8% jump in profits for Q3 and 9M2021 to AED 375.01mn ($102.1) and AED 1.05bn ($286mn) respectively. This was on the back of "higher asset volumes, lower funding costs and solid other operating...
Mapletree Commercial Trust Reports Revenue Growth of 11.5%
Mapletree Commercial Trust (MCT) reported that its 1H2021 gross revenue and net property income (NPI) rose 11.5% and 10.7% YoY to S$243.7mn ($181mn) and S$189.9mn ($141mn) respectively. Its distributable income grew 18.7% YoY to S$146.5mn ($109mn). The rise in income...
Banco Santander’s Q3 Profits Up 24%
Banco Santander reported a 24% jump net profits to €2.17bn ($2.5bn). Its profits were benefitted by a 12% decrease in loan loss provisions to €2.2bn ($2.6bn) and strong UK and US performance. The Spanish lender's revenues rose 8% YoY to €11.9bn ($13.8bn). Santander's...
