Cbonds Global

2022-02-17 16:18:52 Largest EM issues of February 15-17

Issue | Volume

China
Aluminum Corporation of China (Chinalco)(-/-/A-), 2.95% 24feb2027, USD 600 mln
Initial issue price (yield): 98.517% (1.92%)
Spread to US Treasury bonds: 135 bp
The purpose of placing: Refinance
Listing: Hong Kong S.E.

Midea Group(A3/A/A), 2.88% 24feb2027, USD 450 mln
Initial issue price (yield): 99.884% (2.91%)
Spread to US Treasury bonds: 98 bp
Bids: 1,8 bn USD
Listing: Hong Kong S.E.
Bookrunner: Bank of China, BofA Securities, CCB International, Credit Agricole CIB, DBS Bank, Standard Chartered Bank
Depository: Clearstream Banking S.A., Euroclear Bank

Turkey
Turkey(B2/B+/B+), 7.25% 24feb2027, USD 3 bn
Initial issue price (yield): 100% (7.25%)
Spread to US Treasury bonds: 533.1 bp
Spread to mid-swaps: 524.7 bp
Bids: 8,75 bn USD
Listing: Irish S.E.
Bookrunner: Citigroup, Dubai Islamic Bank, HSBC, KFH Capital Investment Company
Depository: Clearstream Banking S.A., DTCC, Euroclear Bank

BOND SEARCH Open / Comment

2022-02-17 13:40:23 ​​ Updated Version of the Cbonds Add-in available for the Excel 365

We are glad to present you with a new release of Add-ins for Excel 365 from Cbonds. The new version is available for download from the Excel Store.

The current update includes the following additions:

● Added ETF functions. Now, in the Add-in, you can compose a portfolio not only from bonds, stocks, and mutual funds, but also from ETFs. An example portfolio template is available at the link below.
● Functionality has been significantly accelerated. We have begun transitioning to new protocols for database access, which will significantly accelerate some functions. Loading the annual archive of quotes for dozens of securities will now take a few seconds!
● Work has been done on the convenience and intuitiveness of the functionality. We always try to listen to our clients' requests.

We'll be glad to hear your suggestions and feedback! You can send your comments to addin@cbonds.info.

The functionality of the Cbonds Add-in includes:

● Comprehensive set of tools;
● Quotes, flows, and yields;
● The watchlist;
● Market maps and indices;
● Unlimited archive of quotes;

And all of this is available directly in Excel!

You can download the add-in and installation instructions on the product page. The Cbonds Add-in makes it possible to automate many operations for tracking a portfolio, obtaining current and archived data, and visualizing data. It will be a useful tool for analysts, back offices, risk management departments, and private investors.

For your convenience, we have prepared templates, in which you only need to add your data, and the information will be updated for you. Open / Comment

2022-02-17 10:24:35 Rating Actions in Foreign Currency on February 16, 2022

Fitch Ratings affirmed Israel at 'A+' with a stable outlook. Open / Comment

2022-02-17 10:04:19 US Treasury Securities

Yield Curve

UST 2Y YTM:
1.52% ( 6 bp)
UST 5Y YTM:
1.90% ( 4 bp)
UST 10Y YTM:
2.03% ( 2bp)
UST 30Y YTM:
2.34% ( 3 bp)

U.S. Treasuries ended Wednesday on a mixed note.
The Minutes from January FOMC meeting showed that policymakers agreed that asset purchases should be concluded "soon," but only a "couple participants" favored bringing asset purchases to an even quicker halt. Energy prices climbed after media outlets resumed fever pitch reporting after a one-day respite, claiming that Russia could attack Ukraine "today, tomorrow, or next week" with the word "could" doing yeomen's work.

Comment: Briefing Open / Comment

2022-02-16 17:03:44 Upcoming issue

Issuer: Berlin Hyp

Issue description: seven-year 500m euro Pfandbrief

Date: soon

Bookrunners and Lead Managers: DZ Bank, Erste Group, HSBC, LBBW and UniCredit Open / Comment

2022-02-16 16:19:42 Largest EM issues of February 14-16

Issue | Volume

Qatar
Qatar National Bank(Aa3/A/A+), 3.64% 23feb2027, CNY 125 mln
Initial issue price (yield): 100% (3.64%)
The purpose of placing: Intercompany Loan
Listing: London S.E.

BOND SEARCH Open / Comment

2022-02-16 12:22:19 Upcoming issue

Issuer: Mastercard

Issue description: seven-year euro bond

Date: soon

Bookrunners and Lead Managers: Barclays, Deutsche Bank, HSBC and NatWest Markets Open / Comment

2022-02-16 10:54:35 Rating Actions in Foreign Currency on February 15, 2022

S&P Global Ratings affirmed Bolivia at 'B+' with a negative outlook. Open / Comment

2022-02-16 10:54:15 US Treasury Securities

Yield Curve

UST 2Y YTM:
1.58% ( 0 bp)
UST 5Y YTM:
1.94% ( 4 bp)
UST 10Y YTM:
2.05% ( 7 bp)
UST 30Y YTM:
2.37% ( 8 bp)

U.S. Treasury yields moved higher on Tuesday, swiftly reversing losses after the Russian Defense Ministry said it had begun returning some troops to their bases.

The announcement raised hopes of de-escalating geopolitical tensions near the Ukrainian border after days of warnings of an imminent Russian invasion.

Comment: CNBC Open / Comment

2022-02-15 19:39:24 Upcoming issue

Issuer: Andorra

Issue description: five to seven-year euro benchmark sized sustainable bond

Date: soon

Bookrunners and Lead Managers: Crédit Agricole, Citi and Santander Open / Comment