Global Capital Asia Archives - ÂÒÂ׶ÌÊÓƵ Know More. Risk Better.® Thu, 19 May 2022 16:19:42 +0000 en-US hourly 1 /wp-content/uploads/cropped-favicon-512x512-1-32x32.png Global Capital Asia Archives - ÂÒÂ׶ÌÊÓƵ 32 32 China SOEs should get their act together https://www.globalcapital.com/asia/article/2a405u26506vh2uoh26tc/asia-comment/gc-asia-view/china-soes-should-get-their-act-together#new_tab Wed, 18 May 2022 16:19:36 +0000 /?p=7894 Peer Spic is a frequent borrower, with its $500m 5.8% perpetuals becoming callable on 21 May. ÂÒÂ׶ÌÊÓƵ analysts said in a note last week that the company cited “issues caused by Covid-19...

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]]> Peer Spic is a frequent borrower, with its $500m 5.8% perpetuals becoming callable on 21 May. ÂÒÂ׶ÌÊÓƵ analysts said in a note last week that the company cited “issues caused by Covid-19 pandemic” for a technical lapse that resulted in the bonds not being called at the first call date. Spic has not provided the 30 day notice ahead of a call.

ÂÒÂ׶ÌÊÓƵ analysts refreshed investors’ memories about an incident in August 2018, when a local SOE, Xinjian Production Construction Sixth Division State Owned Asset Management, failed to repay a Rmb500m 5.89% 270-day commercial paper on maturity.

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]]> Blind love for LGFVs? Watch out https://www.globalcapital.com/asia/article/29wg6xepdvjyl1ydu3ev4/asia-comment/gc-asia-view/blind-love-for-lgfvs-watch-out#new_tab Thu, 31 Mar 2022 01:03:29 +0000 /?p=7005 Since the start of the year, 81 primary bond deals from LGFVs have been priced in the Asia dollar market, raising a combined $11.5bn, according to ÂÒÂ׶ÌÊÓƵ.

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]]> Since the start of the year, 81 primary bond deals from LGFVs have been priced in the Asia dollar market, raising a combined $11.5bn, according to ÂÒÂ׶ÌÊÓƵ.

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]]> Expect the unexpected in 2022 https://www.globalcapital.com/asia/article/29kj3jis8zu31gb80xz40/asia-comment/gc-asia-view/expect-the-unexpected-in-2022#new_tab Wed, 12 Jan 2022 15:51:42 +0000 /?p=6237 When it comes to the debt market, property companies are not out of the woods yet. Chinese developers have $52.3bn in offshore refinancing needs this year, according to research from ÂÒÂ׶ÌÊÓƵ....

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]]> When it comes to the debt market, property companies are not out of the woods yet. Chinese developers have $52.3bn in offshore refinancing needs this year, according to research from ÂÒÂ׶ÌÊÓƵ. But 56.5% of the offshore bonds maturing or puttable this year were issued by firms with poor credit quality, or those rated in the B and C buckets.

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]]> China debt: there’s more than meets the eye https://www.globalcapital.com/asia/article/29dxousfrey6va03hfaio/asia-comment/gc-asia-view/china-debt-theres-more-than-meets-the-eye#new_tab Wed, 01 Dec 2021 20:54:54 +0000 /?p=6155 The lack of transparency, for one, can have serious ramifications. This is especially as developers have $52.3bn and $45.9bn of offshore maturities in 2022 and 2023, respectively, according to estimates...

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]]> The lack of transparency, for one, can have serious ramifications. This is especially as developers have $52.3bn and $45.9bn of offshore maturities in 2022 and 2023, respectively, according to estimates from ÂÒÂ׶ÌÊÓƵ.

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]]> Medco Energi pays up for proceeds uncertainty https://www.globalcapital.com/asia/article/299wgqpov9x2eyy3f5n9c/asia-levfin/asia-high-yield-bonds/medco-energi-pays-up-for-proceeds-uncertainty#new_tab Mon, 29 Nov 2021 16:59:34 +0000 /?p=5914 Indonesian bond issuer found US support, but had to fork out a decent new issue premium.

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Indonesian bond issuer found US support, but had to fork out a decent new issue premium.

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]]> Jinan LGFV makes quick bond return https://www.globalcapital.com/asia/article/299wxljq4c98mpgjt0h6o/asia-bonds/asia-corp-bonds-high-grade/jinan-lgfv-makes-quick-return#new_tab Mon, 29 Nov 2021 16:56:50 +0000 /?p=5912 The Chinese state-linked borrower had to pay a premium for market volatility.

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]]> The Chinese state-linked borrower had to pay a premium for market volatility.

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]]> Cracks widen in China high yield bonds https://www.globalcapital.com/asia/article/29aiqmfvpxpbl1x6rp3b4/asia-levfin/asia-high-yield-bonds/cracks-widen-in-china-high-yield-bonds#new_tab Mon, 29 Nov 2021 16:43:23 +0000 /?p=5910 Investors scout for safer credits as refinancing risks rise at Chinese property developers. 

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]]> Investors scout for safer credits as refinancing risks rise at Chinese property developers. 

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]]> Chengdu LGFV sells $300m green bond https://www.globalcapital.com/asia/article/294bmvjq3710ir8tr5vy8/asia-bonds/asia-corp-bonds-high-grade/chengdu-lgfv-sells-300m-green-bond Tue, 05 Oct 2021 17:13:22 +0000 /?p=5699 The Chinese borrower priced its five year notes inside fair value estimates.

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The Chinese borrower priced its five year notes inside fair value estimates.

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]]> Sunac stock and bond prices recover from sell-off https://www.globalcapital.com/asia/article/294cjdqukinbx56bb905c/china/china-bonds/sunac-stock-bond-prices-recover-after-selloff Tue, 05 Oct 2021 17:10:47 +0000 /?p=5697 Chinese property company denies seeking support from local government.

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]]> Chinese property company denies seeking support from local government.

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]]> Asian bond market silenced on Evergrande worries https://www.globalcapital.com/asia/article/2946i5xctrcl696joxv5s/asia-levfin/asia-high-yield-bonds/asian-bond-market-silenced-on-evergrande-worries Tue, 05 Oct 2021 17:08:54 +0000 /?p=5695 Dollar deal flow has slowed as investors watch beleaguered Chinese property company.

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]]> Dollar deal flow has slowed as investors watch beleaguered Chinese property company.

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