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Bonds Corporate Bonds

  • NEW YORK— Higher bond yields are finally here, and investors have to consider what, if any, changes to make to their portfolios. Short-term yields haven't been this high for almost a decade, and long-term yields have also risen. Jack Ablin, chief investment officer for BMO Capital Markets, said higher bond yields have been a long time coming, so investors might not...

  • KUWAIT, Jan 17- Kuwait's Aviation Lease and Finance Company is considering issuing an Islamic bond, its chief executive said on Wednesday. ALAFCO will seek a credit rating before approaching the market, Ahmad Abdullah Alzabin told Reuters at an air show in Kuwait. ALAFCO raised $300 million through an Islamic facility last September.

  • Where to get returns in the current bull markets

    Michael Fredericks of BlackRock says finding quality yields has become more of a "nuanced story."

  • FRANKFURT, Jan 3- The European Central Bank's purchases of corporate bonds slowed last month to their lowest level since it started buying company debt almost two years ago, data showed on Wednesday. Credit is expected to account for a growing share of the purchases this year as the ECB nears a cap on how many government bonds it can own in countries such as Germany...

  • ABUJA, Jan 3- Private equity-backed Viathan Group has issued Nigeria's debut 10- year corporate infrastructure bond in local currency to raise 10 billion naira at a yield of 16 percent to fund power assets. Viathan, owned by Synergy Private Equity, develops and operates off-grid power solutions in Nigeria. Synergy has committed capital of over $100 million and...

  • There's still some 'juice' in US high-yield corporate bonds

    Nicholas Gartside of JP Morgan Asset Management says 2018 is a time to look at investment-grade and high-yield corporate debt in the U.S.

  • LONDON, Dec 21- Kazakhstan's dollar bonds extended losses on Thursday, having fallen sharply the previous day after news that $22 billion in assets of a state investment fund had been frozen, while broader emerging assets were flat, tracking developed peers. Kazakh dollar bonds slipped as much as a quarter cent across the curve after sharper falls late on...

  • Fed by cheap global borrowing costs and a blistering rally in asset prices, EM fees will this year top $20 billion for the first time, data compiled by Thomson Reuters shows. China alone has contributed around $12 billion. Bumper issuance from Saudi Arabia and Argentina, debuts from poor "frontier" markets such as Tajikistan, and a flood of Chinese corporate bonds...

  • NEW YORK, Dec 15- Venezuela is more likely to default on its sovereign bonds than on those of state-run oil company PDVSA given how essential the latter's cash flow is to the country's fortunes, bondholders and legal experts have said. Both asset classes cratered last month after President Nicolas Maduro told creditors that Venezuela wanted to restructure its...

  • LONDON, Dec 18- Bumper issuance from Saudi Arabia and Argentina, debuts from poor frontier markets such as Tajikistan, and a flood of Chinese corporate bonds ensured a record year for emerging-market debt sales in 2017- and 2018 could repeat the feat. Hard currency issuance was running at a record $670.5 billion by Dec. 8, up from $491.2 billion for the whole of 2016,...

  • NEW YORK, Dec 15- Venezuela is more likely to default on its sovereign bonds than on those of state-run oil company PDVSA given how essential the latter's cash flow is to the country's fortunes, bondholders and legal experts have said. Both asset classes cratered last month after President Nicolas Maduro told creditors that Venezuela wanted to restructure its...

  • *China's Citic Bank says HNA "experiencing temporary liquidity difficulties". Dec 15- China's HNA Group said it had repurchased some of its bonds and planned to buy back more as one of the country's biggest banks stated the acquisitive conglomerate was experiencing repayment troubles. Citic Bank had "expressed concern" and was working with HNA Group "to resolve...

  • CARACAS, Dec 15- Venezuelan state oil company PDVSA said late on Thursday it had begun the process of making interest payments on four of its bonds, asking investors to trust the company's "financial capacity" following repeated payment delays. The cash-strapped company has for months struggled to make timely payments on its heavily discounted bonds, in part...

  • CARACAS, Dec 8- Some bondholders have received late interest payments on Venezuelan state oil company PDVSA's 2017 N and 2020 bonds, three market sources said on Friday. Cash-strapped Venezuela has been late with payments in recent weeks, but holders of some of the world's highest yielding debt, which are close to 10 times higher than those of neighboring...

  • Despite persistently low 10-year rates and a narrowing of the difference to the 2-year bond, there aren't urgent signs of distress

  • NEW YORK, Dec 7- Influential bond investor Bill Gross of Janus Henderson Investors warned Thursday the Federal Reserve should be "more cautious and easier" in its interest-rate hiking campaign, given the enormous exposure investors have to pricey risk assets including corporate bonds and high-yield junk debt. "Should a crisis arise because of policy mistakes,...

  • *Dana uses sharia compliance to justify refusal to redeem sukuk. SYDNEY/ DUBAI, Dec 6- Issuers of Islamic bonds are changing the language in documentation for new issues to reassure investors after a United Arab Emirates company refused to redeem $700 million of maturing sukuk. In June, Dana Gas said it would not repay sukuk maturing in October because changes in...

  • NAIROBI, Nov 30- Kenya has asked a number of commercial banks to present proposals for five and 10- year Eurobonds for about $2 billion to be issued in the first quarter of next year, two banking sources told Reuters on Thursday. The East African nation, which issued its debut dollar bonds in 2014, wants to use the funds to pay off a $750 million syndicated loan whose...

  • HONG KONG, Nov 30- Chinese internet giant Alibaba Group Holding Ltd has priced a $7 billion multi-tranche bond issue after a blowout response allowed the borrower to tighten pricing across all maturities, according to a term sheet seen by Reuters. The bonds priced were $700 million 2.800 percent bonds due 2023, $2.55 billion 3.400 percent bonds due 2027, $1...

  • HONG KONG, Nov 29- Chinese internet giant Alibaba Group Holding Ltd has tightened its price guidance for a multi-tranche benchmark dollar bond, according to a term sheet seen by Reuters. Investors expect demand to be robust, while Thomson Reuters publication IFR reported orders of nearly $40 billion in what is expected to be a $7 billion offering.