Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
American Airlines Posts Q2 Profit, Snapping Five Quarters of Losses
American Airlines posted a net profit of $19mn and an EPS of $0.03/share for Q2, snapping a five quarter losing streak after it received more than $1bn in federal payroll support. The Texas based company reported a loss of $1.1bn or $1.69/share after adjusting for...
AT&T Reports Solid Earnings
AT&T reported solid Q2 results with revenues of $44bn, up 7.6% YoY reflecting partial recovery from the prior-year impacts of Covid. “Higher WarnerMedia, Mobility, Mexico, and Consumer Wireline revenues more than offset declines in domestic video and Business...
Future Retail Misses Dollar Bond Coupon; Seeks to pay within 30-Day Grace Period
Future Retail, in a regulatory filing mentioned that it has missed paying the coupon on its 5.6% 2025s due today, citing that its liquidity position has been affected due to the pandemic’s impact on operations. Like it has done for the two previous coupon payments, it...
NMC Founder Sues EY, Executives and Banks Seeking $8bn in Damages
BR Shetty, the founder of distressed UAE hospital operator NMC Health, has taken auditor EY, two former top executives of his companies and two banks to the US Supreme Court in New York seeking $8bn in damages for an alleged multibillion dollar fraud at his former...
Monte Paschi Cuts Legal Liabilities by $4.5bn; Bond Rally Over 9 Points
The world’s oldest bank, Banca Monte dei Paschi di Siena, reached an agreement with Monte dei Paschi foundation to reduce its legal liabilities (compensation claims) by €3.8bn ($4.5bn). The foundation would get €150mn ($177mn) as part of the settlement. This is seen...
More Details Emerge on Buenos Aires Restructuring
After Argentine Province Buenos Aires reached a breakthrough agreement with GoldenTree Asset Management to restructure $7bn of its international debt, Government House in La Plata explained that the new proposal matched the terms that GoldenTree agreed upon. An...
CK Infra, Ping An Launch $ Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers & Losers
US markets extended the rebound rally for a second day amid strong corporate earnings – S&P and Nasdaq gained 0.8% and 0.9% respectively. Energy zoomed 3.9% with Brent Crude going back above $70/bbl, Financials and Industrials were up more than 1%. Corporate...
Top HK Banks Halt Mortgages to Buyers of Evergrande’s Properties
In the latest setback for Evergrande, top banks in Hong Kong such as HSBC, ICBC, StanChart and BOC’s HK unit are reported to have stopped providing mortgages to buyers of Evergrande’s unfinished residential properties in HK. As per sources, Hang Seng Bank, Bank of...
Julius Baer Posts Record H1 Profits
Swiss wealth management group Julius Baer posted a record-high net profit in 1H2021 on the back of strong growth in Assets under Management (AUM) and improvement in cost efficiency. The group reported a 23% rise in its net profit and earnings per share (EPS) YoY to...
