Senior Credit Analyst, Lucror Analytics

Trung Nguyen

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

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries</li>
<li>Front-end UST yields climbed yesterday, following the release of strong Q2/25 GDP and initial jobless claims data.</li>
<li>The UST curve bear flattened, with the yield on the 2Y UST jumping 5 bps to 3.66% and that on the 10Y UST rising 2 bps to 4.17%. Equities fell for a third straight day. The S&amp;P 500 and Nasdaq both declined 0.5% to 6,605 and 22,385, respectively.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries
Front-end UST yields climbed yesterday, following the release of strong Q2/25 GDP and initial jobless claims data.
The UST curve bear flattened, with the yield on the 2Y UST jumping 5 bps to 3.66% and that on the 10Y UST rising 2 bps to 4.17%. Equities fell for a third straight day. The S&amp;P 500 and Nasdaq both declined 0.5% to 6,605 and 22,385, respectively.


<ul>
<li>Nickel Industries (NIC) launched a roadshow yesterday to market a USD 144A/RegS 5NC2 senior unsecured notes offering.</li>
<li>The new notes are rated B1 by Moody's and B+ by Fitch.</li>
<li>The expected size is USD 500 mn.</li>
</ul>


Nickel Industries (NIC) launched a roadshow yesterday to market a USD 144A/RegS 5NC2 senior unsecured notes offering.
The new notes are rated B1 by Moody's and B+ by Fitch.
The expected size is USD 500 mn.


Nickel Industries - Event Flash - Launches New Notes And Concurrent Tender Offer - Lucror Analytics

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries</li>
<li>UST yields declined meaningfully yesterday, supported by a strong auction of 7Y notes and following a weaker than expected June JOLTS report. In addition, investors may have moved to lock in yields ahead of the Treasury Department’s refunding announcement and FOMC rate decision today.</li>
<li>The UST curve bull-flattened, with the yield on the 2Y UST falling 6 bps to 3.87%, while the yield on the 10Y UST was down 9 bps at 4.32%. Equities retreated from record-high levels. The S&amp;P 500 snapped a six-day winning streak, declining 0.3% to 6,371.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries
UST yields declined meaningfully yesterday, supported by a strong auction of 7Y notes and following a weaker than expected June JOLTS report. In addition, investors may have moved to lock in yields ahead of the Treasury Department’s refunding announcement and FOMC rate decision today.
The UST curve bull-flattened, with the yield on the 2Y UST falling 6 bps to 3.87%, while the yield on the 10Y UST was down 9 bps at 4.32%. Equities retreated from record-high levels. The S&amp;P 500 snapped a six-day winning streak, declining 0.3% to 6,371.


<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries, West China Cement, China Hongqiao</li>
<li>In the US, the March (preliminary) University of Michigan consumer sentiment fell to 57.9 (63.0 e / 64.7 p), declining for three consecutive months and reaching the lowest level since November 2022.</li>
<li>Many consumers cited the high uncertainty around policy and other economic factors, as frequent gyrations in economic policies make it very difficult for consumers to plan for the future, according to Surveys of Consumers director Joanne Hsu.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries, West China Cement, China Hongqiao
In the US, the March (preliminary) University of Michigan consumer sentiment fell to 57.9 (63.0 e / 64.7 p), declining for three consecutive months and reaching the lowest level since November 2022.
Many consumers cited the high uncertainty around policy and other economic factors, as frequent gyrations in economic policies make it very difficult for consumers to plan for the future, according to Surveys of Consumers director Joanne Hsu.


Leonard Law, CFA

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Thai Oil, Genting Berhad, Nickel Industries, Meituan</li>
<li>The UST curve twisted flatter yesterday, with long-end yields declining on account of a solid auction for 5Y notes. The yield on the 2Y UST rose 1 bp to 3.49%, while the yield on the 10Y UST declined 2 bps to 3.98%.</li>
<li>Equities and risk assets gained on optimism over a US-China trade deal expected to be signed later this week.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Thai Oil, Genting Berhad, Nickel Industries, Meituan
The UST curve twisted flatter yesterday, with long-end yields declining on account of a solid auction for 5Y notes. The yield on the 2Y UST rose 1 bp to 3.49%, while the yield on the 10Y UST declined 2 bps to 3.98%.
Equities and risk assets gained on optimism over a US-China trade deal expected to be signed later this week.


Indonesia

Nickel Industries Limited provides mining services. The Company acquires, explores, and develops nickel projects. Nickel Industries operates in Australia.

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Nickel Industries (NIC AU)

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries Front-end UST yields...

Lucror Analytics

Nickel Industries - Event Flash - Launches New Notes And Concurrent Tender Offer - Lucror Analytics

Nickel Industries (NIC) launched a roadshow yesterday to market a USD 144A/RegS 5NC2 senior unsecured notes offering. The new notes are rated B1 by...

Lucror Analytics

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries UST yields declined...

Lucror Analytics

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries, West China Cement, China...

Lucror Analytics

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Thai Oil, Genting Berhad, Nickel Industries,...

Lucror Analytics

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