Cbonds Global

2021-02-18 11:50:31 Upcoming issue

Issuer: Alpek (Baa3/BB+/BBB-)

Issue description: 144A/Reg S senior unsecured notes due 2031 with expected rating BBB- from Fitch 

Currency: USD 

Date: investor calls started on Wednesday, February 17, the deal is expected soon 

Volume: up to $600 mln 

Aim: to finance a tender offer for its 4.5% 20nov2022, USD bonds and the remainder, if any, will be used for general corporate purposes. 

Bookrunners and Lead Managers: Bank of America, Citi and JP Morgan Open / Comment

2021-02-18 11:46:44 Upcoming issue

Issuer: Nykredit Realkredit (A3/A+/A)

Issue description: 3.7Y (October 2024) secured floating-rate green bonds and 4.2Y (April 2025) conventional floating-rate bonds 

Currency: SEK 

Date: expected on Tuesday, February 18 

Volume: for a total of €2 bn 

Aim: to refinance existing bonds due in April 2021 

Bookrunners and Lead Managers: Danske Bank, Nykredit Bank, SEB, and Swedbank Open / Comment

2021-02-18 11:35:06 Cbonds online-seminar: "Analyzing Bond Opportunities in a Low Rate Environment" - record on YouTube

We took an in depth look at number of bond opportunities in the current low rate environment. With his extensive knowledge and experience on the international bond markets, Mark Gross, Managing Director at Westwood Capital in New York, delivered insights into bond investment, set against the backdrop of the current economic climate.

Moderator of the seminar - William Clark, International Partnership Manager UK/US Markets, Cbonds Group.

The recording is already available on our YouTube-channel -



Subscribe and watch Cbonds webinars any time! Open / Comment

2021-02-18 09:46:13 ​​ Today! Cbonds Online Seminar: Chinese bond market for foreign investors

Cbonds will talk about the Chinese debt market, access and investment opportunities in it. The Online Seminar is aimed at a wide range of investors interested in investing in the Chinese onshore bond market.

February 18th, 2021 at 09:00 London time / 17:00 Beijing time experts will discuss the current situation on the bond market, provide an overview of access channels to the onshore market, and share their investment experience.

Alexander Budarin (Cbonds) will provide introductory information on the Chinese bond market; Phoebe Leung (Bond Connect) will discuss topics regarding access to the onshore market via the BondConnect platform; Terry Zhang (Pengyuan International) will introduce credit ratings and risks; Michelle Zhang and Hayley He (Agricultural Bank of China) will give additional information on channels of access to China’s capital market and share investment experience and opportunities on the market.

When: February 18th, 2021 at 09:00 London time / 17:00 Beijing
Where: Register here
Participation is free of charge Open / Comment

2021-02-18 09:42:11 US Treasury Securities

Yield Curve

UST 2Y YTM:
0.13% ( 0 bp)
UST 5Y YTM:
0.57% ( 0 bp)
UST 10Y YTM:
1.29% ( 1 bp)
UST 30Y YTM:
2.06% ( 2 bp)

On Wednesday, longer-term US Treasury yields moved down despite bright January retail sales data (5.3% vs. 1.1% expectation). Open / Comment

2021-02-17 17:44:50 EM issues of February 15-16

Issue | Volume

Cote d`Ivoire
African Development Bank, 3.62% 26mar2026, IDR | 20 000 mln

Philippines
Asian Development Bank (ADB), 0% 3mar2061, USD (14610D) | 20 mln

Chile
Banco Santander Chile, 0.71% 28dec2023, USD | 50 mln

United Arab Emirates
Bank of Sharjah, 2% 25feb2022, USD | 125 mln

Venezuela
Corporacion Andina de Fomento (CAF), 6.82% 22feb2031, MXN | 3 535 mln

BOND SEARCH Open / Comment

2021-02-17 17:36:05 Largest DM issues of February 16

Issue | Volume

Canada
Canada Pension Plan Investment Board, 2.58% 23feb2051, AUD | 160 mln
Enbridge, FRN 17feb2023, USD | 500 mln

Norway
KBN (Kommunalbanken), 0.25% 15dec2025, GBP | 500 mln

United Kingdom
Nationwide Building Society, FRN 24feb2031, GBP | 1 000 mln

Spain
Santander Consumer Finance, 0% 23feb2026, EUR (1826D) | 500 mln

BOND SEARCH Open / Comment

2021-02-17 15:49:19 Upcoming issue

Issuer: Water & Power Development Authority (WAPDA)

Issue description: 10Y debut green Eurobonds 

Currency: USD 

Date: late March 2021 

Volume: $500 mln 

Aim: to finance CAPEX needs 

Bookrunners and Lead Managers: Deutsche Bank, JP Morgan, Standard Chartered, and Habib Bank (HBL) Open / Comment

2021-02-17 12:04:56 ​​ Tomorrow! Cbonds Online Seminar: Chinese bond market for foreign investors

Cbonds will talk about the Chinese debt market, access and investment opportunities in it. The Online Seminar is aimed at a wide range of investors interested in investing in the Chinese onshore bond market.

February 18th, 2021 at 09:00 London time / 17:00 Beijing time experts will discuss the current situation on the bond market, provide an overview of access channels to the onshore market, and share their investment experience.

Alexander Budarin (Cbonds) will provide introductory information on the Chinese bond market; Phoebe Leung (Bond Connect) will discuss topics regarding access to the onshore market via the BondConnect platform; Terry Zhang (Pengyuan International) will introduce credit ratings and risks; Michelle Zhang and Hayley He (Agricultural Bank of China) will give additional information on channels of access to China’s capital market and share investment experience and opportunities on the market.

When: February 18th, 2021 at 09:00 London time / 17:00 Beijing
Where: Register here
Participation is free of charge Open / Comment

2021-02-17 10:06:13 Upcoming issue

Issuer: CPPIB Capital 

Issue description: 10Y Reg S bonds 

Currency: EUR 

Date: expected on Wednesday, February 17, 2021 

Volume: benchmark size deal 

Bookrunners and Lead Managers: Bank of America, Barclays, Goldman Sachs, and JP Morgan Open / Comment