Shares of Anil Agarwal’s Vendanta Ltd. rose after the tycoon announced an overhaul of his sprawling empire, despite lingering concerns over the group’s multibillion dollar debt burden.
Zerlina Zeng, senior credit analyst at CreditSights, discusses the prospects for China’s property market and implications for the financial sector on Bloomberg Daybreak: Asia.
U.S. investment-grade bonds have swung to a loss for the year as the Federal Reserve’s determination to raise interest rates to counter inflation spreads pain across debt markets.
Citibank tapped the investment grade bond market with its first bank-level debt offering in four years as deposits recede from their pandemic-era highs.
A complicated refinancing deal addresses short-term challenges for the poster child of Europe’s real estate crisis, but many hurdles remain.