08/03/23
Felix Fischer of Lucror Analytics said he expects the new perps to price in line with Cemex's only outstanding perpetual bond, which, according to Ref...
07/03/23
Casino operator Melco Resorts and Entertainment Ltd should be able to generate “mildly positive free cash flow after interest and capital expenditure”...
17/02/23
Adani Group attempted to comfort fixed income investors on Thursday when it announced a focus on deleveraging and a slowdown of capital expenditure, a...
“Management’s commitment to reduce leverage and seek alternative options for refinancing has helped to assuage investor concerns,” said Leonard Law, a...
02/02/23
“The biggest risk is if Adani Group faces a severe deterioration in access to financing, particularly at its highly leveraged entities,” Leonard Law, ...
Shares in companies tied to the Indian tycoon Gautam Adani fell again today, after his flagship company unexpectedly pulled a $2.5 billion stock offer...
31/01/23
Despite US short-selling firm Hindenburg Research accused Gautam Adani of “pulling the largest con in corporate history, the country's largest follow-...
Gautam Adani's crucial $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship firm, despite a $65 billion...
26/01/23
Longer-term effects will depend on the group’s response over the coming days, as well as the reaction of regulators, Leonard Law, a senior credit ana...
The allegations would likely have “little impact” on the follow-on sale “as the anchor book was already oversubscribed,” Leonard Law, a senior credit ...
19/01/23
Regarding Ecopetrol’s decision to sell at a seemingly inopportune time, Lorena Reich, a senior credit analyst at Lucror Analytics, offered the followi...
The final 12.375% yield, however, was fair relative to secondaries but expensive on an absolute basis, said Leonard Law, a senior analyst at investmen...
18/01/23
Recent developments have “significantly increased” the likelihood of a restructuring for Brazilian retailer Americanas, “which is already reflected in...