Cbonds Global

2021-03-12 16:52:11 The Cbonds Website Is Now Available in French

To accommodate the numerous French-speaking visitors who use the Cbonds portal, we have launched a localized version of the site in French.

All the key elements, menu, and headings of our site have been translated into French. We hope that this will make the usage of our website even more convenient for users from all French-speaking countries.

Currently, all of the data on the Cbonds website are available in nine languages: English, Russian, Polish, Italian, German, Spanish, Ukrainian, Chinese, and French.

The Cbonds database includes over 450,000 issues (including more than 12,000 bonds and Eurobonds of French issuers), quotes from over 190 trading floors and 150 market participants, credit ratings from leading rating agencies (Moody's, S&P, Fitch), analytical tools (Calculator, Watchlist, Market Maps, Portfolio Management), and much more. Open / Comment

2021-03-12 13:57:31 Cbonds Users Can Now Access Price and Yield Indices for the Initial Offering of VTB 1-Day Bonds

We are pleased to announce that two new money market indices are available to Cbonds subscribers:

Initial issue price of VTB 1-day bonds 
Initial issue yield of VTB 1-day bonds 

The indices are updated every business day following a new issue of VTB's 1-day bonds. An archive of index values is also available for export to Excel.

VTB started placing discounted 1-day bonds on October 24, 2016. More than 1,000 issues have been placed and redeemed since then. Open / Comment

2021-03-12 09:48:32 US Treasury Securities

Yield Curve

UST 2Y YTM:
0.14% ( 2 bp)
UST 5Y YTM:
0.78% ( 2 bp)
UST 10Y YTM:
1.54% ( 1 bp)
UST 30Y YTM:
2.29% ( 5 bp)

On Thursday, longer-term US Treasury yields were up after data showed fewer Americans filed for jobless claims than expected last week (712K vs. 725K). Open / Comment

2021-03-11 17:43:35 Upcoming issue

Issuer: Colombia 

Issue description: green local government bonds (TES) 

Currency: COP 

Date: July 2021 

Volume: TES programme may total Ps2 trln ($560 mln) in 2021 

Placement method: auctioned bonds Open / Comment

2021-03-11 15:39:13 Upcoming issue

Issuer: RZD (Baa2/BBB-/BBB)

Issue description: Reg S only green perpetual non-call 6Y Loan Participation Notes offering with expected Ba1 and BB+ ratings by Moody's and Fitch 

Currency: CHF 

Date: global investor calls will be arranged on March 12, the deal will follow, subject to market conditions 

Bookrunners and Lead Managers: Credit Suisse, SberCIB and VTB Capital Open / Comment

2021-03-11 14:03:21 Rating Actions in Foreign Currency on March 10, 2021

Fitch Ratings affirmed Egypt at 'B+' with stable outlook.

Moody's placed Ethiopia's 'B2' rating under review for downgrade.
Reasons: "government's commitment, as part of its entry into the G20 Common Framework, to sign a Memorandum of Understanding (MoU) that requires it to engage with private creditors raises the risk those creditors will incur losses," - Moody's report. Open / Comment

2021-03-11 11:37:59 Upcoming issue

Issuer: NRW Bank (Aa1/AA/AAA)

Issue description: December 2026 bonds 

Currency: GBP 

Date: the deal is expected on March 11 

Volume: benchmark size 

Bookrunners and Lead Managers: Bank of America, Barclays and HSBC Open / Comment

2021-03-11 09:58:50 US Treasury Securities

Yield Curve

UST 2Y YTM:
0.16% ( 1 bp)
UST 5Y YTM:
0.80% ( 3 bp)
UST 10Y YTM:
1.53% ( 2 bp)
UST 30Y YTM:
2.24% ( 2 bp)

On Wednesday, US Treasury yields slid after data indicated the core consumer prices index rose less than expected last month (1.3% vs. 1.4% anticipated). Open / Comment

2021-03-10 16:32:10 Rating Actions in Foreign Currency on March 9, 2021

Fitch Ratings affirmed Argentina at "CCC" without an outlook.

Moody's upgraded Benin's rating to "B1", changed the outlook to stable.
Reasons: "A solid track record of fiscal consolidation and improvements in the structure of debt, supported by strong public finance management despite the deterioration of some fiscal metrics due to the pandemic. Rising economic resilience, with robust growth prospects supported by ongoing structural reforms." - Moody's report. Open / Comment

2021-03-10 15:09:41 Upcoming issue

Issuer: Energean Plc (-/-/-)

Issue description: four senior secured notes, of $625 million and with different fixed annual interest rates each, will mature in 2024, 2026, 2028 and 2031

Currency: USD 

Volume: $2.5 billion

Aim: to refinance outstanding debts under Energean’s $1.45 billion project finance facility and a $700 million term loan Open / Comment