GC
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‘Corruption is incentive plus stupidity,’ says J Capital's Anne Stevenson-Yang
Anne Stevenson-Yang is a director and co-founder of J Capital Research, a New York firm and short seller that specialises in Chinese companies, as well as international companies looking to grow their business in China. GlobalCapital spoke to Stevenson-Yang about the dangers of trusting financial reporting from China, and steps stock exchanges could take to stifle the likelihood of fraud.
11 Aug 2020 -
Barclays boosts global SRI team
Barclays is building up sustainability coverage in its investment bank with new positions announced globally on Monday and effective immediately.
11 Aug 2020 -
Embattled Jain to restructure dollar debt
Indian agricultural company Jain Irrigation Systems, which has been navigating a liquidity crisis for more than a year, has put in place two restructuring plans for its onshore and offshore debt.
11 Aug 2020 -
Roundtable: Chinese high yield issuers prove resilient
GlobalCapital and Standard Chartered hosted a virtual roundtable on the China high yield debt market at the end of July as the second part of a 2020 roundtable series. The first was conducted in mid-April. The market has seen drastic changes in the months since. We gathered together a group of leading high yield bond experts to find out how they have dealt with those changes.
11 Aug 2020 -
Third time lucky? Yihua seeks nod for new coupon deadline
Troubled Chinese bond issuer Yihua Enterprise (Group) Co will hold a meeting with investors on Wednesday, where it will promise to pay the overdue interest on a domestic medium-term note before the end of September.
11 Aug 2020 -
E.House, Beijing Properties turn on the taps
Chinese developers E.House and Beijing Properties closed taps to outstanding dollar bonds at the end of last week, raising $250m between them.
10 Aug 2020 -
Excess supply hits Philippine bonds in secondary market
Dollar bonds sold by a number of Philippine issuers in the past two months have dipped in the secondary market, as a combination of too much supply too quickly and tight pricing puts pressure on the deals.
07 Aug 2020 -
Investors snap up Qingdao LGFV bonds
Chinese local government financing vehicle Qingdao China Prosperity State-owned Capital Operation (Group) Co followed its peers to take an aggressive approach to pricing its $200m bond.
07 Aug 2020 -
China high yield real estate dominates dollar market with tightly priced deals
The resilience of China’s property market amid the Covid-19 pandemic is paying off for many of the country’s bond issuers, which have been able to reprice their secondary curves owing to strong investor support, writes Morgan Davis.
06 Aug 2020 -
China’s Tahoe on default spree as Vanke sets ‘stringent’ terms
Holders of Chinese property developer Tahoe Group’s onshore bonds had to face up to two defaults from the company this week, as uncertainty looms over whether a tie-up with its peer China Vanke Co will eventually go ahead. Addison Gong reports.
06 Aug 2020
