Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
Pakistan’s Dollar Bonds Tick Lower After Regime Change in Afghanistan
Dollar bonds of Pakistan traded weaker after the fallout in Afghanistan where its US-backed government collapsed over the weekend with Taliban taking over the regime. FT reports fund managers saying that the exodus of refugees from Afghanistan could strain the...
Oxley Secures S$4.3bn in Sales for Singapore Development Projects
Real estate developer Oxley Holdings said it has secured S$4.3bn ($3.2bn) in sales for its development projects in Singapore. In a bourse filing, Oxley said that it has sold about 91% of its residential units, representing 87% of the total gross development value...
China Merchants Bank’s NPLs Jump 4x in H1
China Merchants Bank (CMB) saw a 4x jump in non-performing loans (NPLs) in 1H2021 to CNY 4.3bn ($664mn) in the period, up from CNY 1.19bn ($180mn) at end-2020 with its NPL ratio on such loans at 1.07% vs. 0.3%. Overall NPLs stood at 1.01% vs. 1.07% end-2020. Property...
Tus-Holdings’ Bondholders Approve Debt Extension Plan
Holders of Tuspark’s dollar bonds guaranteed by Tus-Holdings overwhelmingly approved the debt extension plan for the cross-defaults on their bonds. Tus-Holdings said 100% and 99.95% of the total votes cast by eligible bondholders of the $400mn 7.95% 2021s and $550mn...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US markets moved up on Friday with the S&P and Nasdaq closing 0.16% and 0.04% higher. S&P scaled new highs as Consumer Staples, Real Estate, Healthcare, Utilities and IT were up over 0.5%. Energy and Financials were down 1.3% and 0.7% respectively. European...
The Week That Was
US primary market issuances rose to $46.6bn vs. $34.5bn in the week prior. IG issuances rose to $32.1bn vs. $21.9bn in the prior week and HY issuances were also higher at $14.4bn vs. $11.5bn in the prior week. The IG space was led by Intel’s $4bn four-part deal,...
Citic Plans to Become Huarong’s Largest Shareholder; Huarong to Issue Profit Warning Next Week: REDD
Citic Group is said to have received State Council approval for a restructuring plan of China Huarong Asset Management Co. that involves Citic becoming the largest shareholder in the distressed state-owned asset manager, as per REDD, reported by Bloomberg. Citing...
Yuzhou’s Dollar Bonds Inch Higher after Bond Buyback
Yuzhou Group said on Friday that had it repurchased $2mn of its outstanding 8.3% 2025s and $1mn of its outstanding 7.375% 2026s. After the buyback, the outstanding principal of the 2025s and 2026s stands at $486mn and $636.5mn respectively. While the size of the...
Embraer Returns to Profit after Three Years
Embraer reported its first quarterly profit since 1Q2018 on Friday driven by a partial recovery in travel. The aerospace manufacturer reported a net income increase to $40.5mn from a loss of -$199mn in 2Q2020. Net revenues were up 110% YoY to $1.1bn in 2Q2021 and rose...
