Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
NBK’s Q3 Profits Jump 63%
National Bank of Kuwait (NBK) reported strong earnings with net profits up 63% YoY to $312mn. Its loans and advances grew by 7.5% YoY to $62.8bn while customer deposits fell 1% to $57.6bn. For the nine months ending-September, NBK's net interest margin stood at 2.25%...
Aramco Oil Pipeline Investors Plan Up to $4.5bn Dollar Bond
A consortium of investors in Saudi Aramco's oil pipelines are said to be lining up a jumbo dollar bond issuance as soon as this week, as per people familiar with the matter. The consortium, led by EIG Global Energy Partners is looking to raise at least $4.5bn, three...
Clover Aviation, GuocoLand, KDB Launch Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
Wall Street saw another leg higher with the S&P and Nasdaq up 0.8% and 0.5% on Friday. Most sectors ended in the green led by Consumer Discretionary and Financials, up 1.8% an 1.5% respectively. US 10Y Treasury yields eased 2bp to 1.53%. European stocks also moved...
The Week That Was (11 – 17 Oct 2021)
US primary markets saw an decrease in issuances to $18.3bn vs. $21.7bn in the prior week. IG issuances dropped to $10.9bn vs. $15.2bn in the prior week while HY issuances rose to $7bn vs. $5.3bn in the prior week. The largest deals in IG space were led by big banks...
Yuexiu Pulls Out of Evergrande’s $1.7bn HK HQ Sale; HK Watchdog Investigating Accounts
China's state-owned developer Yuexiu Property has pulled out of a $1.7bn deal to buy Evergrande's Hong Kong headquarters due to concerns over the latter's dire financial situation as per Reuters sources. The sources said that Yuexiu was close to sealing the deal in...
China Aoyuan and RiseSun Downgraded to B and B1
Adding the the list of negative rating actions among Chinese property developers, China Aoyuan and RiseSun were downgraded by S&P and Moody's respectively. China Aoyuan was downgraded to B from B+ due to 'elevated leverage' and tight liquidity amid weak cash...
Goldman Reports 63% Profit Jump in Q3
Goldman Sachs reported net profits of $5.4bn in Q3, up over 60% YoY. Investment Banking revenues jumped a massive 88% YoY to $3.7bn with advisory revenue hitting a record. Its Global Markets division generated quarterly net revenues of $5.6bn, up 23% YoY with FICC...
Kaisa’s Dollar Bonds Recover as the Developer Plans Partial Buyback
Chinese developer Kaisa Group said in a statement to Bloomberg News, that it plans to repurchase part of its 6.5% dollar bond due December 7, 2021 to bolster market confidence. The company said it wired some funds from onshore to Hong Kong for the planned early...
Sharjah Islamic Bank’s 9M Profit Jumps 30%
UAE-based lender Sharjah Islamic Bank reported strong Q3 earnings on Saturday with net profits for the nine-months ending September rising 29.6% to AED 458mn ($125mn). Operating profits also grew by 29.3% to AED 652.9mn ($177.8mn). Net income from financing and...
