Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
66% of Dollar Bonds Traded Higher in May 2021 with IG Outperforming
The month of May continued April's trend with 66% of dollar bonds in our universe delivering a positive price return ex-coupon during the month. Bond investors are on track for an upbeat Q2 after a dismal Q1, especially in February and March when 66% and 82% of dollar...
Zhenro, Keppel Launch New Bonds; Macro; Rating Changes; New Issuances; Talking Heads; Top Gainers & Losers
While US and UK markets were shut, the broader European markets fell with DAX down 0.7% and CAC down 0.6%. German inflation shot up to 2.4%, its highest since October 2018 mainly due to a 10% YoY rise in oil and energy prices. OECD raised the growth forecast for the...
Serba Dinamik Downgraded to B- by S&P on Reduced Funding Access
Serba Dinamik has been downgraded by two notches to B- from B+ by S&P this morning. The rating agency cited "reduced funding access" as the reason for the downgrade and placed the Malaysian corporate on CreditWatch Negative. S&P added that the company faces...
Mapletree North Asia Raises S$250mn via a PerpNC5 At 3.5%
Mapletree North Asia Commercial Trust (MNACT) raised S$250mn via a Perpetual non-call 5Y (PerpNC5) bond at a yield of 3.5%, 20bp inside initial guidance of 3.7% area. The bonds were unrated and received orders over $1.1bn, 4.4x issue size. Private banks bought 60% and...
China Property Developers’ Bonds Trend Lower
Bonds of Chinese property developers trended lower led by China Evergrande, whose bonds have been moving lower for the last four days after a Caixin report stated that the regulator CBIRC launched a probe into the company’s transactions with Shengjing Bank Co. Besides...
Huarong Financial Leasing Affirmed at BBB-; On RWN
Huarong Financial Leasing Co Long-Term Issuer Default Rating of BBB- was maintained and placed on Rating Watch Negative (RWN) by Fitch in line with the ultimate parent, China Huarong Asset Management Co. Huarong Leasing Management Hong Kong Company's $1bn notes were...
Qatar Petroleum Hires for Jumbo Issuance
Qatari owned natural gas supplier, Qatar Petroleum (QP), is planning a debut public bond issuance with the largest bond sale of the region by the end of June, as per Reuters sources. The company appointed BofA Securities, Citi, Goldman Sachs, HSBC, JPMorgan and MUFG...
Kenya’s Debt Servicing Costs Escalate to $11bn
Kenya’s debt servicing costs are expected to soar towards KES 1.17tn ($10.9bn) as per the nation's parliamentary budget office report. According to the report, this rise in debt accompanied by a lack of debt restructuring suggests increased debt default risk and...
Sichuan Languang Downgraded To B3/B- by Moody’s/S&P
Chinese property developer Sichuan Languang Development was downgraded by a notch to B3 and B- by Moody’s and S&P respectively. Moody’s also changed the outlook to negative and S&P placed them on CreditWatch Negative. Both rating agencies primarily cited...
