Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior 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.

Credit

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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<li><a href="#lucror-entity-35794" target="_blank" rel="noopener">Greenko Energy Holdings</a></li>
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Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

Greenko Energy Holdings


Morning Views Asia: Greenko Energy Holdings

Trung Nguyen

The Greenko group launched a roadshow for new USD 3-year 144A/RegS green notes yesterday, with the roadshow to end today. The bonds are expected to be rated Ba1/BB by Moody's/Fitch. This is the first project bond issuance from a renewable energy storage project in India. The deal is forecast to price early this week. In our view, the proposed bonds rank slightly less favourably than the existing GRNKEN notes, as they are backed by a project that is not yet operational (unlike the other bonds). However, this is partly offset by: [1] the parent guarantor's credit strength; and [2] the short tenor (three years) of the proposed notes.

 The Greenko group launched a roadshow for new USD 3-year 144A/RegS green notes yesterday, with the roadshow to end today. The bonds are expected to be rated Ba1/BB by Moody's/Fitch. This is the first project bond issuance from a renewable energy storage project in India. The deal is forecast to price early this week.  In our view, the proposed bonds rank slightly less favourably than the existing GRNKEN notes, as they are backed by a project that is not yet operational (unlike the other bonds). However, this is partly offset by: [1] the parent guarantor's credit strength; and [2] the short tenor (three years) of the proposed notes.

Greenko - Event Flash - To Issue USD 3-Year 144A/Regs Green Notes - Lucror Analytics

India

Greenko Energy Holdings operates as a holding company. The Company, through its subsidiaries, manufactures wind, hydro, and solar energy generation machinery. Greenko Energy Holdings serves customers in India.

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Greenko Energy Holdings (GEH IN)

Morning Views Asia: Greenko Energy Holdings

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region,...

Lucror Analytics

Greenko - Event Flash - To Issue USD 3-Year 144A/Regs Green Notes - Lucror Analytics

The Greenko group launched a roadshow for new USD 3-year 144A/RegS green notes yesterday, with the roadshow to end today. The bonds are expected...

Lucror Analytics

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