Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
UBS Reports Solid Q2 Earnings
UBS reported a 63% rise in net profits YoY to $2bn in Q2, beating expectations of $1.34bn. Pre-tax profits rose across all geographies with the CEO saying, “Momentum is on our side and our strategic choices and initiatives are paying off…We have no intention of...
Evergrande’s Project Sales Temporarily Halted; Company Wires $352mn to Repay Dollar Bonds
China Evergrande suffered a recent setback albeit temporary, after authorities in Shaoyang, Hubei province said that "sales at two of Evergrande’s projects had been halted because of a shortage of funds in presales accounts", as per FT. As the halt was only temporary,...
United Reports Sixth Consecutive Loss; Results in-line with Street
United Airlines reported Q2 operating revenues of $5.5bn, up ~70% QoQ, though it was down 52% vs. 2Q2019. On the costs side, operating expenses were down 42%. Overall, the airline reported its sixth consecutive net loss at $434mn, after a $1.4bn loss in Q1 and a...
Netflix Reports Mixed Numbers; Subscriber Growth Dips
Netflix reported an increase of 19% in its revenues YoY to $7.3bn and an increase of 36% in its operating income YoY to $1.8bn. The company reported net income of $1.35bn in Q2 vs $720mn in 2Q2020 and $1.7bn in 1Q2021. The company ended the quarter with 209mn paid...
Trading of Tsinghua Unigroup’s Bonds to be Halted amid Restructuring
The court-appointed restructuring administrator for the Tsinghua Unigroup has asked for halting trading of all existing bonds of the distressed chipmaker as the restructuring progresses as reported by Bloomberg. The creditors to the group, backed by Tsinghua...
HNA Group faces $4.6bn in Claims from Retail Investors
Chinese conglomerate HNA Group faces debt claims filed by 60,000 retail investors worth over $4.6bn, as it struggles in a long bankruptcy restructuring. HNA, along with its 320 affiliates, entered bankruptcy restructuring in 2021 with the company facing a total debt...
Macro; Rating Changes; New Issues; Talking Heads; Top Gainers & Losers
US markets started the week with the biggest drop of the year amid a sell-off over concerns over rising Delta variant cases. S&P and Nasdaq shed 1.6% and 1.1% respectively adding to the 0.8% drop on Friday. The new Covid-19 numbers seem to be overshadowing the...
Evergrande’s Bonds Take a Beating Again; Company to Take Legal Action Against Guangfa Bank
China Evergrande’s bonds sank again on Monday after news that a court in Jiangsu province ordered the freezing of a bank account held by its subsidiary Hengda Real Estate and its unit at China Guangfa Bank. Evergrande’s 8.75% 2025s fell the most by 8.7% and several of...
Sri Lanka on Review for Downgrade by Moody’s
Sri Lanka's Caa1 long-term Issuer Default Rating (IDR) and unsecured debt ratings have been put under review for downgrade by Moody's on the stressed liquidity position of the sovereign. Sri Lanka's foreign currency country ceiling has been lowered to Caa1 from B3,...
