In today’s briefing:
- Lucror Analytics – Morning Views Asia
- Nickel Industries – Event Flash – Launches New Notes And Concurrent Tender Offer – Lucror Analytics
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Yuexiu Property
- UST yields rose 2-5 bps across the curve yesterday, amid a soft auction of 5Y notes and a large slate of corporate bond issuances. The yield on the 2Y UST increased by 2 bps to 3.61%, while that on the 10Y UST climbed 4 bps to 4.15%.
- Equities retreated for a second day, but remained near record-high levels. The S&P 500 and Nasdaq both declined 0.3% to 6,638 and 22,498, respectively.
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 Moody’s and B+ by Fitch.
- The expected size is USD 500 mn.
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