Enbridge’s involvement in oil sands, one of the most contaminating forms of oil extraction, and controversial pipeline projects are still failing to convince ESG investors. The company pledged this month…
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Analysts at CreditSights said they would see a coupon of over 8% as offering fair value.
Zerlina Zeng, a senior research analyst at CreditSights, also expects default rates among high-yield issuers in Asia ex-Japan to continue to trend upward towards year-end. In addition to default risks…
CreditSights Mark Chapman and Alex Lawrence said in note Iliad could opportunistically come to market and that exposure to the firm could be very attractive for investors. They see issuance…
As of the end of Q2, the bank held AT1 capital equivalent to 1% of its risk weighted assets, which analysts at CreditSights said is below its optimal level of…
With the bank’s fixed-income trading revenues still showing rapid year-over-year growth in the second-quarter, the timing of Morgan Stanley’s bond deal could indicate the investment bank sees opportunities for growth…
CreditSights said price thoughts on the offering had come wide to comparably rated peers like International Flavors & Fragrances, and was in line with crossover issuers like Braskem.
The deal sizes were also small, as onshore corporate bond issues tend to top Rmb500m. The average size of onshore bond issues by developers in the first quarter was Rmb1.5bn,…
The trade offers sterling investors a quality euro utility name, wrote CreditSights analysts, who saw fair value at around 120bp–125bp and looked to receive concessions of 10bp–15bp. The analysts expect…
“[Starbucks] has done a commendable job managing margin erosion to-date, but we think December-February will likely be one of the more difficult staffing condition periods this pandemic given the high…