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...On Thursday it also agreed a £80mn construction loan for new serviced apartment buildings, and replaced an existing construction facility with a £132mn loan on a mixed-use building that includes offices,...
...But still, CICC has an important role in telling them more about why panda bonds are relevant for their nation building,” he said, naming projects such as Indonesia’s $35bn construction of a new capital...
...Beijing has also stepped in with support, arranging more than Rmb1.4tn in special refinancing bonds to help local governments repay outstanding bonds upon maturity....
...SSGA’s Luxembourg Sicav umbrella fund has a number of US equity and bond sub-funds....
...Walsh flags weakness among smaller companies in the leveraged loan market, with interest coverage among the bottom quartile of issuers (measured by ebitda) falling below 1x....
...This would be the equivalent of 4am and 7am in Hong Kong in the summer, Walsh explained....
...Named after a father and son duo who began running the company in 2001, Shimao had outlined a restructuring proposal in late March that included short-term and long-term notes, as well as convertible bonds...
...Construction groups including Caterpillar’s financial services arm have come to the market too, with some companies tapping lenders multiple times already in the first three months of 2024....
...Under the arrangement with Deripaska, Raiffeisen’s Russian subsidiary will pay cash to Deripaska in exchange for his 28 per cent shareholding in Austria’s Strabag, one of Europe’s largest construction companies...
...Shimao’s $11.7bn worth of offshore debt is already in default following its missed interest and principal payment for a $1bn offshore bond in 2022....
...Donald Trump must post the (recently reduced) $175mn bond in his civil fraud case in New York....
...Several of the largest donors consisted of companies operating in heavily regulated sectors such as construction and mining....
...Moody’s Ratings on Monday evening withdrew the company’s investment-grade issuer rating, downgraded other bond ratings and placed them on review for further downgrade....
...But when money is instead borrowed to pay ever rising interest expense, consider who is on the receiving end: duration-matching investors, bond funds, foreign governments....
...From late May, in North America, the trading process for assets including stocks, corporate bonds and exchange traded funds, will speed up....
...High-grade US companies are piling into the convertible bond market — typically the preserve of junk-rated issuers — as they try to minimise rising borrowing costs caused by the Fed’s aggressive campaign...
...The company, which like Vanke was initially seen as shielded from the funding problems within the sector, eventually defaulted on a dollar bond for the first time in October....
...Property investment fell 9 per cent year on year in January and February, while new construction starts plummeted 30 per cent, their worst fall in more than a year....
...The writer is an FT contributing editor Passive funds are, by construction, price-insensitive bundles of financial securities, weighted to replicate the performance of market indices....
...Like many of them, it had borrowed on international bond markets and amassed liabilities of Rmb200bn in mainland China as it rode a wave of construction and urbanisation....
...The spread between 10-year bond yields in Italy and Germany — a closely watched gauge of financial stress — recently sank to its lowest level since 2021....
...The risks are “substantial for some regional banks, trust companies and asset managers”, she said....
...The rental income of property companies has much in common with bonds — steady over long periods — but unlike bonds, property companies can raise the rent when a new lease is agreed, so rental income tends...
...The Fed would buy Treasury bonds to push down long-term interest rates while letting short-term bills roll off the balance sheet....
...These include the Sasol investment in a petrochemical complex in Louisiana, which supported thousands of construction jobs....
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