Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
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,...
US Oil Companies’ Bonds Fall on OPEC+ Reaching a Deal
Bonds of US high yield oil companies dropped with the likes of Occidental (Oxy), Laredo Petroleum, SM Energy and Northern Oil falling ~3%. The move in bonds happened after the OPEC+ members agreed to boost production which saw Brent Crude fall below $70/bbl for the...
SPH Reports Fall in Revenues
Singaporean media organization Singapore Press Holdings (SPH) reported in its first 9 months FY21 ending May, a 16.8% YoY fall in operating revenue to S$286.7mn ($210mn). The company cited a decline in newspaper print ad revenue as the cause for this fall, reporting a...
McLaren Lines Up $620mn Bond After Raising $750mn from Investors; Upgraded to CCC+ by S&P
British sports carmaker McLaren is planning to raise $620mn via a new bond issue in a bid to refinance existing bonds and boost its balance sheet. Bloomberg reported that unofficial indications are in the 8% yield range as per investors looking at the deal. This comes...
ICBC, Redco, Road King Launch Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers & Losers
US markets snapped a three week winning streak after the S&P and Nasdaq fell 0.8% each on Friday, ending the week 1% and 1.9% lower respectively after briefly touching records during the week. Upbeat earnings seemed to be overshadowed by weakness in consumer...
The Week That Was
US primary market issuances rose to $32.4bn after two relatively slower weeks prior that saw only $2.3bn and $13.2bn in issuances. IG issuances rose to $24.7bn vs. $1.7bn and $9.6bn in the prior weeks and HY issuances were also higher to $7.3bn vs. $375mn and $3.1bn...
China to Order Property Developers to Report CP Debt Monthly
Sources report that Chinese regulators have asked property developers to report their commercial paper (CP) debt on a monthly basis. The move comes just over a week after news that the world's most indebted developer Evergrande reported $32bn in CPs outstanding...
Evergrande Bonds Fall after Court Orders Bank Account Freeze
China Evergrande's bonds fell after a court in Jiangsu province ordered the freezing of a bank account held by its subsidiary Hengda Real Estate Group and its unit at China Guangfa Bank. Bloomberg reported that Guangfa Bank said, “The situation is urgent and its legal...
ADCB, Kuwait’s NBK and Sharjah Islamic Bank Report Strong Results
Abu Dhabi Commercial Bank (ADCB), National Bank of Kuwait (NBK) and Sharjah Islamic Bank reported strong results for the six months ended June. ADCB reported a 76% jump in net profits to AED 2.52bn ($690mn) in 1H2021. Non-interest income rose 41% YoY to AED 840mn...
