Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
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,...
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...