Credit Analyst, Lucror Analytics

Chuanyi Zhou

Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Debt Capital Markets

Beijing Energy International / Debt Capital Markets

United Photovoltaics Group Limited (UPV) has recommenced marketing efforts and has come back to investors for a planned benchmark size Reg-S Notes issue. The use of proceeds is mainly for debt refinancing for some convertible bonds, with the rest for working capital and general corporate purposes. The company has re-issued the offering circular, circulated a net roadshow, and is conducting investor meetings in Singapore and Hong Kong. We have reviewed the new offering circular and find no material changes from the first. In this update we highlight some of the key segments from the New Issue Assessment in early November. We also provide on an update on business and capital markets developments since early November. Unfortunately, there have been no financial updates and the last published accounts was for the half year ending June 30, 2016. Please refer to our New Issue Assessment of November 3 for full analysis of UPV’s industry and business risk profile.

United Photovoltaics Group Limited (UPV) has recommenced marketing efforts and has come back to investors for a planned benchmark size Reg-S Notes issue. The use of proceeds is mainly for debt refinancing for some convertible bonds, with the rest for working capital and general corporate purposes. The company has re-issued the offering circular, circulated a net roadshow, and is conducting investor meetings in Singapore and Hong Kong. We have reviewed the new offering circular and find no material changes from the first.  In this update we highlight some of the key segments from the New Issue Assessment in early November. We also provide on an update on business and capital markets developments since early November. Unfortunately, there have been no financial updates and the last published accounts was for the half year ending June 30, 2016.  Please refer to our New Issue Assessment of November 3 for full analysis of UPV’s industry and business risk profile. 

Panda Green Energy - New Issue Update - Lucror Analytics

Hong Kong

Beijing Energy International is primarily engaged in the investment, development, operation, and management of clean energy projects, including solar, wind, and hydropower, as well as integrated energy and gas turbine businesses. The company also actively expands into emerging sectors like green hydrogen. It designs and installs solar power systems and conducts research and development in solar technology. The company was incorporated in 2000 and is headquartered in Central, Hong Kong.

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Beijing Energy International (686 HK)

Panda Green Energy - New Issue Update - Lucror Analytics

United Photovoltaics Group Limited (UPV) has recommenced marketing efforts and has come back to investors for a planned benchmark size Reg-S Notes...

Lucror Analytics

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