New Issue Recap Cur Issuer / Obligor Rating (M/S/F) Tenor / Maturity IPG / FPG Rank Denoms (k) Nature Price Guidance Yield (%) USD Wuxing Industry Investment Husheng Company Limited / / 3Y 6.5% area / Senior Unsecured 200 x 1 Live Deal 6.50% Relative Value & Yield Curve Analyze Trade Ideas & Investment Takeaways…...
In this week’s commentary, BlackRock emphasizes that while global markets remain relatively resilient, underlying economic and market dynamics continue to shift. Central banks are nearing the end of their rate hiking cycles, but the journey toward achieving stable inflation is far from over. BlackRock points out that investors should stay cautious, as the full impact…...
Market Context The market is currently absorbing a new USD mandate from Coastal Emerald Limited, rated A3 by Moody’s and A by Fitch. Understanding its pricing relative to comparable issuers and its credit profile is crucial for evaluating its attractiveness for institutional investors. New Issue Recap Cur Issuer / Obligor Rating (M/S/F) Tenor / Maturity…...
New Issue Recap Cur Issuer / Obligor Rating (M/S/F) Tenor / Maturity IPG / FPG Rank Denoms (k) Nature Price Guidance Yield (%) USD Bank of the Philippine Islands / BBB+ / 5Y CT5 + 130 bps area / Senior Unsecured 200 x 1 Live Deal 5.4 USD ANQING YIXIU DISTRICT BEAUTIFUL VILLAGE… / /…...
New Issue Recap Cur Issuer / Obligor Rating (M/S/F) Tenor / Maturity IPG / FPG Rank Price Guidance Yield (%) USD Far East Horizon Limited / BBB- / 3.5Y T3+255bps area / Senior Unsecured 6.56 USD MTR Corporation Limited Aa3 / AA+ / 5Y T5 + 75 bps area / Senior Unsecured 4.84 USD LG…...
In this article, we will explore how investors can utilize bonds to construct a stable cash flow portfolio. We will focus on a bottom-up approach to guide investors in creating an optimal portfolio based on their risk tolerance, desired returns, and specific investment timelines. 1. Understanding Investor’s Risk Appetite Before building any portfolio, investors must…...
Companies typically offer a certain New Issue Premium (NIP) as an incentive to encourage investors to participate in primary market auctions, ensuring they can meet their financing needs. As a result, investors usually receive a premium when participating in new issuances, benefiting from more attractive pricing and better investment opportunities. This article focuses on such…...
Selecting the appropriate bond type based on market conditions is key to ensuring a stable growth of an investment portfolio. Investors should consider factors such as interest rate expectations, inflation levels, macroeconomic trends, and their risk tolerance when making decisions. 1. Fixed Coupon Bonds Fixed coupon bonds offer stable and predictable cash flows, making them…...
New Issue Recap Cur Issuer / Obligor Rating (M/S/F) Tenor / Maturity IPG / FPG Rank Price Guidance Yield (%) CNY Jinan City Construction Group Limited Company / / 3Y 3.80% Area / Senior Unsecured 3.8 EUR Taizhou HuangyanTransportation and Tourism… / / 3Y 3.50% Area / Senior Unsecured 3.5 CNY Qihe Urban InvestmentConstruction Group…...
Bank of China Limited (BOC) is one of the largest state-owned commercial banks in China, with extensive global operations. It plays a crucial role in supporting China's financial system and economic development.
