Issuer: China Jingye Construction Engineering (Singapore) Pte Ltd. Guarantor: China Metallurgical Group Corporation (“MCC”) Guarantor Rating: Baa3 (Positive) by Moody’s… Continue reading
Agile Property to Sell USD 5NC3 Bonds, IPT 9.375% Area Issuer: Agile Property Holdings Ltd. Guarantors: Certain non-PRC subsidiaries of the issuer Security: Capital stock of certain subsidiary guarantors Issuer ratings: Ba3/BB-/– Expected… Continue reading
After a weak session during Asian time, rates rebounded as NY came in, leading to a relief rally in stocks. With macro markets stabilizing, buyers emerged in Asian credit. In the IG space, there… Continue reading
China Energy Gets $850m Orders for $200m Bond; — Priced at 5.25%, IPT 5.375% Kunlun Energy to Sell $Bench 5Y, 10Y; IPT +165bps, +190bps Area Issuer: Kunlun Energy Co. Issuer ratings: A1/A+/A Expected… Continue reading
China Energy Reserve to Sell $Bench 3Y Bonds, IPT 5.375% Area Issuer: China Energy Reserve and Chemicals Group Overseas Capital Co. Guarantor: China Energy Reserve and Chemicals Group Co. Unrated, Reg S Change… Continue reading
We had a quiet end to the week as many major markets were closed for the May Day holiday. The tone on Thursday was dictated for the most part by Treasury price action with… Continue reading
Binhai Investment Gets >$3.5b Orders for $200m 3Y Bonds Co. sells bonds at +245bp, IPT +280bp area. Co. gets >$3.5b orders from ~160 accounts BANK OF INDIA LAUNCHES $750M 5Y NOTES AT T+185BPS… Continue reading
Reliance Communications Gets >$650m Orders for $300m Bond Priced at 6.5%, IPT 6.5% area. Over $650m orders from >100 accounts By region Asia 75% Europe, Middle East 25% By investor type Fund managers,… Continue reading
Reliance Communications to Sell USD 5.5Y Bonds, IPT 6.5% Area Issuer: Reliance Communications Ltd. Issuer ratings: Ba3/–/BB- Expected issue ratings: Ba3/–/BB- Reg S UOP: Capex or any other permissible use under RBI… Continue reading
In the IG space, after opening 2-3 better, the tightening was reversed and we ended a touch softer on the day. Indian credits continued to be sought after and outperformed the broader market. The new… Continue reading