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US issuers and insurance companies could benefit as Moody’s relaxes parts of its approach
Investors attracted by relative value versus loans but are not blind to risk
Floridian manager registered the vehicle in Ireland with article 8 SFDR classification
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State Bank of India has mandated seven firms to arrange a dollar-denominated bank capital additional tier one offering — the first deal of its kind from the south Asian country.
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ICBC (Singapore) and Haikou Meilan International Airport sold well-digested dim sum bonds on Thursday, managing to find decent demand despite a challenging funding environment.
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Yestar International Holdings Company was the only corporate in the Asian debt market on Thursday, enticing investors for its maiden dollar offering. The issuer bagged $200m from its five non call three, opting to raise a conservative amount with its debut.
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Asian primary bond market calmed down after a frantic Thursday, with only two issuers opening books
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Two of the most familiar names in the high yield borrower base on Wednesday launched a splash of payment-in-kind notes, a rare structure which has constituted only €570m of sales this year.
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Olam International returned with a $150m tap of its existing notes this week, managing to find strong demand from fund managers despite ending up with only a modest order book.