Scott Bennett

ZhengTong Postpones Bond as Yields Soar by Most in 25 Weeks

China ZhengTong Auto Services Holdings Ltd., a Chinese luxury auto dealer, postponed a planned sale of dollar-denominated bonds as yields on Chinese debt in the U.S. currency surge.

Accounting `Red Flags' Drive Bond Spreads to Record Levels: China Credit

Borrowing costs have risen to record levels for Chinese companies marked with “red flags” by ratings firms for unclear financial reporting and high levels of private ownership.

Cash-Rich Money Managers to Drive Asian Bonds Higher, Aberdeen Asset Says

Cash-rich fund managers keen to recoup losses after Europe’s sovereign debt crisis will drive Asian corporate bond prices higher during the traditional August lull, even as borrowers rush to exploit demand, said Aberdeen Asset Management Asia Ltd.

Hutchison Whampoa Leading Record Asia Perpetual Sales

Billionaire Li Ka-shing ’s Hutchison Whampoa Ltd. , Noble Group Ltd. and other Asian companies are selling a record amount of bonds with no fixed maturities as investors in search of higher yields buy riskier securities.

Reliance Yields Tumble as CFO Signals Bond Sales: India Credit

Reliance Industries Ltd. bondholders are shrugging off signals by the energy company that it will add more debt and are instead focusing on the potential for rising oil prices to bolster its creditworthiness.

Rupee Credit-Default Swaps Join Yuan to Become Asia's First: India Credit

India and China are poised to become the first emerging markets in Asia to trade credit-default swaps on local-currency debt as investors seek protection against losses from funding projects in the region’s fastest-growing economies.

Philippines Sells $1.5 Billion of 25-Year Debt to Fund Government Stimulus

The Philippines sold $1.5 billion of 25-year dollar-denominated bonds as the government boosts spending to support economic growth.

Rupee Power Bond Yields at Three-Month Low After Cap Lifted: India Credit

Borrowing costs for India’s power, road and rail companies fell to a three-month low after the government lifted limits on foreign investment, directing global funds to infrastructure projects for the first time.

Emerging Borrowers Raising $197 Billion in Busiest Start

Emerging-market borrowers completed the busiest ever start to a year, selling $197 billion of bonds on international markets to secure funding while interest rates in the U.S. and Europe stay at all-time lows.

India Stock Futures Swing Between Gains, Losses on Debt, Rupee

Indian stock-index futures swung between gains and losses amid concerns Europe’s deepening debt crisis and a weaker rupee will hurt company earnings.

"The confluence of Greece' s inability to form a coalition government along with declining world equity markets and other global economic concerns sent the credit market into a panic earlier this week and spreads blew out."

- Scott Bennett on May 15, 2012

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Europe

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