Primary Credit Watch
Golden Agri-Resources Gets SGD175m Orders for SGD125m Bonds Priced at 5.5%, IPT mid-5%. SGD175m orders United Envirotech to Sell SGD 3Y Bonds, IPT 5% Area Issuer: United Envirotech Unrated Reg S Redemption… Continue reading
Golden Agri-Resources Gets SGD175m Orders for SGD125m Bonds Priced at 5.5%, IPT mid-5%. SGD175m orders United Envirotech to Sell SGD 3Y Bonds, IPT 5% Area Issuer: United Envirotech Unrated Reg S Redemption… Continue reading
Sinopec Gets >$7b Orders for 5Y, >$4.8b for 10Y, >$3.3b for 30Y Sinopec prices 5Y at +125bps, IPT +145bps area; 10Y at +145bps, IPT +160bp area; 30Y at +152bps, IPT +180bps area. Euro tranches:… Continue reading
We saw a cautious start to the week as China’s moves to curb margin trading and facilitate short selling of stocks seemed to outweigh the RRR cut. IG cash bond spreads were unchanged… Continue reading
Bumi Serpong prices at 6.75%, IPT 7% area. Orders >$750m from over 70 accounts By region Asia 85% Europe 15% Sinopec USD 5Y IPT +145bp Area, 10Y +160bp Area, 30Y +180bp Area… Continue reading
Bumi Serpong Damai to Sell USD 5NC3 Bonds, IPT 7% Area Guarantors: PT Bumi Serpong Damai and certain of its subsidiaries Issuer: Global Prime Capital Pte. Ltd. Issuer ratings: Ba3/–/BB- Exp. issue ratings:… Continue reading
It was a relatively quiet end to the week as the global Bloomberg outage in the afternoon curtailed trading, and brought the week to an early close. HY bonds were about flat on… Continue reading
Asia Recap: Malaysia sells $1b 10Y sukuk at +115bp, IPT +135bp area; $500m 30Y sukuk at +170bp, IPT +185bp area, total order books $9b Upcoming Deals: China Cinda to Sell $Bench 5Y, 10Y… Continue reading
Another relatively weak day in Asian credit with IG cash bond spreads 2-3 bps wider with the rally in UST and new supply pushing spreads wider. The tech space saw Tencent 5 wider… Continue reading
DISCLAIMER : https://tradehaven.net/terms-of-use/ Recap of yesterday’s deals: Central China Real Estate sells $300m long 5NC3 bonds at 8.75%, IPT 9.125% area, 1st HY bond in 1 mo. Formosa Plastics sells $1b 10Y bonds… Continue reading
DISCLAIMER : https://tradehaven.net/terms-of-use/ It was a softer day in the Asian HY markets with bonds weaker by 1/4 – 1/2 points on some profit-taking after the strong performance in the past few sessions.… Continue reading