In today’s briefing:
- Lucror Analytics – Morning Views Asia
- Medco Energi
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Fosun International, Pakuwon Jati, Adani Green Energy, ReNew Energy
- The US and China are set to commence trade talks in Switzerland this weekend. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will travel to Switzerland later this week to meet with Swiss President Karin Keller-Sutter, and also meet Chinese officials to discuss economic and trade matters, according to separate announcements by the Treasury Department and Office of the Trade Representative.
- Meanwhile, Chinese Vice-Premier He Lifeng will visit Switzerland during May 9-12th, according to China’s Ministry of Foreign Affairs.
Medco Energi
- Medco Energi has announced a cash tender offer to repurchase up to all the outstanding USD 242.3 mn MEDCIJ 7.375 ’26s and USD 418.7 mn MEDCIJ 6.375 ’27s.
- It is also concurrently seeking to issue new USD 400 mn 5NC2 notes.
- In our view, the proposed transactions demonstrate Medco’s proactive management of its debt maturity profile.
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