Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
Petronas, AVIC, Pakuwon Launch Bonds; Macro; Rating Changes; Talking Heads; Top Gainers & Losers
The S&P rose 0.9% while Nasdaq was up 1.2% as equities recovered from two straight days of losses. Small-cap stocks rallied over 2%, bringing 2021 gains for the US small-cap index, Russell 2000 to more than 13%. European equities also inched up with DAX, CAC and...
China Considers $15 Billion Support for Huarong
China is considering a plan where a unit of the central bank, PBOC, would assume more than CNY 100bn ($15bn) of assets from China Huarong Asset Management Company (CHAMC), according to sources. This would help clean up CHAMC’s balance sheet and refocus on its core...
FAB Reports Resilient Earnings
First Abu Dhabi Bank, UAE's largest bank reported Q1 earnings on Wednesday with its balance sheet strengthened across liquidity, funding and capital ratios. The bank reported resilient performance despite the slow recovery from the pandemic - its Net Profit after Tax...
Future Retail’s Lenders to Withdraw Easing Measures if Reliance Deal Goes Through
Debt laden Future Retail's lenders had last week given their consent to a debt restructuring plan through which the repayment to lenders would be deferred by 2 years. The plan was set under the guidance of India's central bank RBI's KV Kamath Committee that allowed...
Philippines Raises €2.1bn via Three-Trancher
Philippines raised €2.1bn via a three-tranche bond issuance priced on Wednesday. It raised: €650mn 4Y bonds at a yield of 0.374%, 25bp inside initial guidance of MS+100bp area. €650mn 12Y bonds at a yield of 1.248%, 25bp inside initial guidance of MS+130bp area....
Mexico’s Hydrocarbon Reform, Designed to Benefit Pemex, Passed by Congress
Mexico’s lower house congress approved President Andres Manuel Lopez Obrador’s (AMLO) reform to the hydrocarbon law that restricts private competition, strengthening state-run oil company Petroleos Mexicanos (Pemex). The vote was approved with 301 in favor vs. 147...
Malaysia Issues Debut Sustainability Sukuk Deal
Malaysia raised $1.3bn via a two-part offering priced on Wednesday. It raised: $800mn via a 10Y sustainability sukuk at a yield of 2.07%, 40bp inside initial guidance of T+90bp area $500mn via a 30Y sukuk at a yield of 3.075%, 35bp inside initial guidance of T+115bp...
MGM’s Sports Betting Venture BetMGM on Track for $1 Billion Revenues in 2022
Casino operator MGM's US sports betting venture with gambling company Entain, BetMGM is set to grow its revenues 5x to $1bn by next year on the back of the strong gambling market in the US amid the pandemic. BetMGM is set to expand from 12 states currently to 20...
Credit Agricole Italia Set to Acquire Rival Creval for $1 Billion
France's second largest bank's Italian business, Credit Agricole Italia (CAI) received majority support for its $1bn acquisition of rival Creval after upping its offer. The acquisition will further strengthen the French bank's presence in Italy. CAI raised its bid...
