Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
Credit Suisse Plans to Raise More Capital and Plans Splitting IB Business: Sources
Credit Suisse is planning to raise fresh capital from investors, approaching them for the fourth time in roughly seven years, as per Reuters sources. Details on how much would be raised were not available yet. The sources noted that several scenarios were under...
NatWest Senior Unsecured Ratings Upgraded to A3
UK-based lender NatWest Group’s senior unsecured bond ratings were upgraded to A3 from Baa1 with a stable outlook by Moody’s. The rating agency expects NatWest Group's profitability to improve in the next two years from a low base, with higher revenues despite...
China Money Pours Into Offshore Debt via Southbound Connect
Chinese investors are buying of offshore bonds in recent months, as global yields have risen while the yuan has weakened, Bloomberg reported. Offshore debt holding via the Southbound Bond Connect trading link between mainland China and Hong Kong has tripled in three...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
The US Federal Reserve hiked its benchmark interest rate by 75bp, with the Fed Funds target range now at 3.00-3.25%. While the rate hike was in-line with market expectations, the new dot plot indicate a more hawkish stance compared to the previous dot plot as of 15...
FOMC Hikes Rates by 75bp, New Dots Suggest End-2022 Rates at 4.4%
FOMC Statement and Summary of Economic Projections (SEP) details: Hiked its benchmark interest rate by 75bp with the fed funds target range now at 3.00-3.25% Recent indicators point to modest growth in spending and production End-2022 median dots now at 4.4% vs. 3.4%...
CFLD’s Restructuring Plan Faces Creditors’ Opposition
China Fortune Land Development's (CFLD) debt restructuring plan for its offshore bonds has been met with resistance from its creditors. Advisers of an ad-hoc bondholder group of CFLD's dollar bonds have planned a conference call for all creditors later today where...
Credito Real Bondholders Consider Legal Action
Mexican non-bank lender Credito Real’s offshore bondholders have considered taking legal action against the non-bank lender in Mexico to recover losses, as per Reuters' sources. Its offshore bonds have lost over 98% in value ever since it defaulted on its CHF 170mn...
CIFI Downgraded to BB-; Evergrande Mulling Asset Transfers to Property Unit to Pay Debt
Chinese property developer CIFI Holdings was downgraded to BB- from BB with a negative outlook by Fitch on the reduction in its liquidity buffer and higher leverage. In 1H 2022, its liquidity deteriorated with cash resources falling 30%. Fitch estimates that CIFI's...
China’s Big-4 Asset Management Companies Downgraded by S&P
China's big-4 asset management companies (AMCs) were downgraded by S&P upon challenging operating conditions due to China's economic slowdown, market volatility and property sector troubles. Due to this S&P sees weakened earnings prospects. The downgrades are...
