Bayer held a call with investors on Monday after a raft of bad news led some of them to question whether the German group had been upfront about its prospects…
Investors are showing more willingenss to dip their toes into junk-rated bonds.
A Country Garden $15 million coupon payment deadline has expired without word of payment.
Country Garden could be the next company to join a growing list of Chinese developers that have defaulted.
Embattled Chinese property developer Country Garden faces yet another liquidity test.
Embattled developer Country Garden faces a new round of voting by creditors to extend several debt maturities.
“The fact that (Country Garden) is struggling to address an interest payment, rather than a full bond principal repayment, perhaps underscores its very tight liquidity,” said CreditSights analyst Nicholas Chen.
The market is closely watching whether a unit of Dalian Wanda Group will make a repayment deadline for a $400 million dollar bond early next week, as a failure would…
Some 19 bonds are due to be called this year, according to CreditSights, including ones issued by UniCredit (CRDI.MI), Santander, BBVA (BBVA.MC) or Barclays (BARC.L). The Italian bank’s 6.625% CoCo with a call in…
State Bank of India’s exposure to the embattled Adani Group is “well-manageable”, given its strong buffer of provision reserves, CreditSights, a unit of Fitch Ratings, said in a note on…