BondEvalue is now BondbloX! Existing users can continue to login via the button below

Singapore 3.375% 05/34 107.007 2.55%

|

FWD 5.000% 09/24 99.982 5.24%

|

Abja 5.450% 01/28 101.893 4.83%

|

SMC 8.750% Perp 100.325 -

|

Abu Dhabi 2.500% 04/25 98.596 4.85%

|

US STRIPS 0.000% 05/53 32.421 4.00%

|

Frasers Property 4.380% Perp 97.925 10.22%

|

WRKCo 3.900% 06/28 98.089 4.45%

|

General Motors 4.300% 04/29 98.528 4.65%

|

Power Finance 3.250% 09/24 99.991 3.52%

|

Hotel Properties 3.800% 06/25 99.327 4.73%

|

Firstenergy Transmission 2.866% 09/28 97.028 3.66%

|

Philippines 4.200% 01/24 99.875 26.18%

|

Equinor 5.100% 08/40 102.408 4.88%

|

Exim India 3.875% 03/24 100.000 3.80%

|

Petrobras 5.600% 01/31 99.660 5.66%

|

AIA 3.200% 03/25 99.124 4.94%

|

Israel 7.750% 12/27 106.406 5.57%

|

Alphabet 2.250% 08/60 62.024 4.34%

|

Saudi Aramco 4.375% 04/49 86.745 5.34%

|

Deutsche Bank 7.500% Perp 99.424 8.22%

|

Vedanta (94% Sink Factor) 13.875% 12/28 102.145 -9.23%

|

Home Depot 5.400% 06/64 106.065 5.04%

|

US Treasury 0.000% 11/24 98.888 4.89%

|

Santander 4.750% Perp 93.849 7.84%

|

Malaysia Sukuk 3.043% 04/25 99.029 4.62%

|

Dominion Energy 4.250% 06/28 99.652 4.35%

|

Pemex 6.875% 08/26 98.887 7.50%

|

ST Engineering 1.500% 04/25 98.008 4.65%

|

Pemex 5.350% 02/28 91.563 8.21%

|

ArcelorMittal 4.250% 07/29 98.803 4.52%

|

Sobha Sukuk 8.750% 07/28 104.262 7.45%

|

South Korea 4.125% 06/44 95.785 4.44%

|

Kia 2.375% 02/25 98.926 4.86%

|

Emirates NBD 1.638% 01/26 95.936 4.77%

|

Scotiabank 3.625% 10/81 87.230 4.13%

|

Netflix 4.900% 08/34 103.610 4.43%

|

HSBC 6.875% Perp 100.585 -

|

UOB 3.059% 04/25 99.153 4.53%

|

NTPC 4.375% 11/24 99.891 4.81%

|

PT Pertamina 6.450% 05/44 110.208 5.58%

|

Saudi Aramco 5.750% 07/54 102.554 5.57%

|

PD Sukuk 8.750% 09/25 100.562 8.16%

|

UnionBank 2.125% 10/25 96.691 5.18%

|

Saudi Arabia 5.750% 01/54 103.406 5.51%

|

EXIM Malaysia 3.350% 05/25 98.598 5.51%

|

Estate Sky 5.450% 07/25 91.250 16.57%

|

Indofood 4.805% 04/52 86.908 5.75%

|

SIA 3.000% 07/26 97.535 4.38%

|

Credit Agricole 4.375% 03/25 99.405 5.52%

|

Cardinal Health 3.410% 06/27 97.865 4.23%

|

BP 4.875% Perp 97.974 5.30%

|

Egypt 7.625% 05/32 85.349 10.42%

|

Julius Baer 4.875% Perp 95.394 7.28%

|

Krung Thai 4.400% Perp 97.690 5.97%

|

BPI 2.500% 09/24 100.000 2.46%

|

Royal Caribbean 5.500% 04/28 100.941 5.16%

|

China Water 4.850% 05/26 94.263 8.53%

|

Commerzbank 6.500% 04/34 107.472 3.55%

|

TD 1.250% 12/24 98.970 5.11%

|

Olam 5.375% Perp 97.965 6.54%

|

SMC Global Power 5.450% Perp 95.200 7.80%

|

Scotiabank 4.500% 12/25 99.662 4.77%

|

GLP 3.875% 06/25 91.414 16.57%

|

Conagra 1.375% 11/27 91.356 4.33%

|

Icahn 9.000% 06/30 100.960 8.76%

|

OCBC 1.832% 09/30 97.069 3.77%

|

BPCE 5.000% 03/34 102.768 3.32%

|

Ascendas REIT 3.000% Perp 98.788 4.21%

|

KNOC 5.250% 11/26 101.837 4.35%

|

INALUM 4.750% 05/25 99.668 5.23%

|

China 1.950% 12/24 99.444 4.25%

|

Piedmont 3.500% 06/29 96.527 4.31%

|

HSBC 8.000% Perp 106.863 5.80%

|

Muthoot 4.400% 09/23 100.000 -

|

Syngenta 4.892% 04/25 99.772 5.25%

|

Israel 4.500% 04/99 74.551 6.06%

|

Netflix 5.400% 08/54 106.956 4.94%

|

Rizal 3.000% 09/24 100.000 2.95%

|

Rwanda 5.500% 08/31 80.739 9.33%

|

Huarong 3.800% 11/25 98.947 4.73%

|

Kernel 6.750% 10/27 76.679 16.55%

|

Philippines 9.500% 10/24 100.624 4.32%

|

Egypt 8.700% 03/49 77.927 11.39%

|

Honeywell 9.065% 06/33 131.322 4.65%

|

UBS 5.125% Perp 97.642 6.47%

|

NatWest 6.000% 12/23 100.000 -

|

Methanex 5.250% 12/29 98.727 5.52%

|

Dah Sing 3.000% 11/31 95.233 4.13%

|

Centerpoint 5.400% 06/29 103.844 4.47%

|

Santander 6.350% 03/34 106.147 5.51%

|

JLR 4.500% 10/27 98.244 5.12%

|

Sands China 5.125% 08/25 99.509 5.67%

|

Emirates NBD 6.125% Perp 100.688 5.66%

|

NextEra 4.625% 07/27 101.326 4.11%

|

Ford 4.346% 12/26 99.041 4.79%

|

Tencent 3.800% 02/25 99.556 4.83%

|

Power Finance 3.350% 05/31 90.829 4.97%

|

Wells Fargo 4.100% 06/26 99.364 4.48%

|

Conocophillips 6.500% 02/39 116.746 4.86%

|

Thaioil 5.375% 11/48 96.318 5.65%

|

REC 5.625% 04/28 102.783 4.77%

|

Mapletree Industrial Trust 3.150% Perp 97.617 4.64%

|

KHNPC 3.125% 07/27 96.961 4.25%

|

Oman 4.750% 06/26 99.499 5.04%

|

ICTSI 3.500% 11/31 90.785 5.04%

|

US Treasury 0.250% 05/25 97.045 4.39%

|

Keppel 4.900% Perp 101.248 4.74%

|

US Treasury 4.875% 10/28 105.102 3.54%

|

Micron 5.875% 09/33 106.583 4.94%

|

SIA 5.250% 03/34 106.256 4.42%

|

Muthoot 7.125% 02/28 102.118 6.41%

|

Sprint 7.625% 03/26 103.356 4.60%

|

Pemex 10.000% 02/33 102.743 9.50%

|

ABN AMRO 6.339% 09/27 103.290 4.49%

|

ARA 5.650% Perp 96.822 6.58%

|

Caterpillar 8.250% 12/38 136.282 4.72%

|

Citibank 5.803% 09/28 107.075 3.86%

|

Morgan Stanley 3.125% 07/26 97.871 4.30%

|

UBS 3.750% 03/25 99.286 5.06%

|

US Treasury 0.000% 12/24 98.556 4.83%

|

Turkey 9.875% 01/28 112.049 5.86%

|

Korea Electric Power 6.000% 12/26 103.421 4.37%

|

Citigroup 4.600% 03/26 100.021 4.58%

|

Keppel REIT 3.150% Perp 98.625 4.55%

|

BIM 7.375% 05/26 78.957 23.26%

|

SocGen 6.447% 01/27 101.738 4.73%

|

US STRIPS 0.000% 02/49 35.003 7.59%

|

SocGen 8.500% Perp 99.813 8.52%

|

BDO Unibank 2.125% 01/26 96.189 5.07%

|

Julius Baer 4.750% Perp 100.000 4.64%

|

UBS 5.600% Perp 102.846 4.97%

|

Filinvest 4.125% 09/25 97.556 6.61%

|

Singtel 3.250% 06/25 98.965 4.55%

|

Finland 6.950% 02/26 103.828 4.18%

|

StanChart 7.875% Perp 103.020 7.20%

|

UBS 5.875% Perp 100.000 -

|

Delta Air 7.000% 05/25 101.008 5.39%

|

JSW Steel 3.950% 04/27 95.308 5.93%

|

KNOC 0.875% 10/25 96.161 4.55%

|

Vedanta 9.250% 04/26 99.282 9.72%

|

Korea Electric Power 3.625% 06/25 99.315 4.53%

|

Bangkok Bank 5.000% Perp 98.923 6.07%

|

JLR 5.875% 01/28 100.200 5.80%

|

BNP 8.000% Perp 105.342 7.01%

|

Kenya 6.300% 01/34 76.897 10.17%

|

HDFC Bank 5.686% 03/26 101.521 4.61%

|

Volcan 4.375% 02/26 85.860 15.79%

|

Lockheed Martin 4.070% 12/42 90.724 4.83%

|

Abu Dhabi 5.500% 04/54 108.177 4.96%

|

Turkey 6.625% 02/45 89.207 7.67%

|

General Motors 5.200% 04/45 93.440 5.74%

|

REC 5.250% 11/23 100.000 5.11%

|

BMO 5.200% 12/24 99.979 5.21%

|

US Treasury 4.000% 02/34 102.391 3.69%

|

Motorola 4.600% 02/28 101.035 4.25%

|

HSBC 5.250% Perp 100.770 5.06%

|

DBS 3.300% Perp 98.902 5.66%

|

FWD 7.635% 07/31 106.956 6.35%

|

CBA 3.150% 09/27 97.486 4.03%

|

Allianz 3.200% Perp 84.915 8.90%

|

HSBC 6.375% Perp 100.000 6.18%

|

Egypt 5.250% 10/25 97.747 7.44%

|

LG Chem 3.250% 10/24 99.815 4.90%

|

SBI 5.950% 12/24 100.103 5.32%

|

SocGen 8.250% Perp 106.412 5.77%

|

ICTSI 5.875% 09/25 100.557 5.31%

|

US Treasury 0.000% 02/24 99.938 22.88%

|

Reliance 2.875% 01/32 88.256 4.78%

|

Philippines 5.500% 03/26 101.594 4.43%

|

Olam 4.000% 02/26 98.631 4.97%

|

POSCO 2.500% 01/25 99.174 4.79%

|

DP World 5.500% 09/33 104.415 4.87%

|

HPCL 5.250% 04/27 98.096 6.03%

|

ReNew Power 4.500% 07/28 92.519 6.73%

|

ESR Group 5.100% 02/25 99.947 5.20%

|

BNP 5.900% Perp 103.866 4.68%

|

Baidu 3.075% 04/25 98.979 4.85%

|

HDFC 3.700% Perp 95.087 6.39%

|

Metinvest 8.500% 04/26 79.635 24.32%

|

US Treasury 3.875% 08/33 101.453 3.68%

|

Kenya 8.250% 02/48 78.938 10.72%

|

Macquarie 6.798% 01/33 110.153 5.27%

|

US Treasury 5.000% 10/25 101.000 4.09%

|

BOC Aviation 3.250% 04/25 98.919 4.96%

|

Cathay Pacific 4.875% 08/26 99.824 4.96%

|

GC Treasury Center 5.200% 03/52 92.406 5.75%

|

Adani 4.375% 07/29 93.328 5.98%

|

Bombardier 7.875% 04/27 100.433 3.04%

|

SMC Global Power 7.000% Perp 99.750 7.22%

|

KOWEPO 4.125% 06/25 99.613 4.60%

|

WEC 1.375% 10/27 91.728 4.24%

|

REC 2.250% 09/26 95.257 4.78%

|

Xcel 4.000% 06/28 98.676 4.38%

|

UnitedHealth 5.375% 04/54 104.390 5.08%

|

Westpac 2.668% 11/35 87.207 4.47%

|

Saudi Arabia 5.000% 01/53 93.562 5.44%

|

UOB 2.550% Perp 94.891 4.01%

|

Indika Energy 8.750% 05/29 101.548 8.33%

|

Westpac 5.000% Perp 97.632 5.86%

|

American Express 3.950% 08/25 99.371 4.66%

|

Senegal 6.750% 03/48 72.428 9.76%

|

Lai Sun 5.000% 07/26 69.052 26.88%

|

Conocophillips 7.800% 01/27 107.524 4.35%

|

Kraft Heinz 3.000% 06/26 97.816 4.31%

|

Delhi Intl Air 6.450% 06/29 101.946 5.97%

|

Delhi Intl Air 6.125% 10/26 100.502 5.86%

|

MetroBank 2.125% 01/26 96.358 4.92%

|

HSBC 4.250% 08/25 99.303 5.00%

|

Amazon.com 1.650% 05/28 92.483 3.85%

|

CVS 5.400% 06/29 103.612 4.52%

|

Lloyds 4.500% 11/24 99.825 5.51%

|

Santos 6.875% 09/33 110.891 5.30%

|

Reliance 4.125% 01/25 99.672 4.95%

|

US Treasury 4.500% 02/44 105.492 4.08%

|

Shell 3.875% 11/28 99.720 3.94%

|

JP Morgan 3.200% 06/26 98.290 4.20%

|

Exelon 5.150% 03/28 102.802 4.26%

|

AT&T 5.539% 02/26 100.039 4.52%

|

Petronas 3.500% 03/25 99.276 4.88%

|

Manila Water 4.375% 07/30 95.543 5.26%

|

Egypt 7.600% 03/29 94.163 9.21%

|

DoubleDragon 7.250% 07/25 97.099 10.72%

|

Walmart 4.300% 04/44 96.032 4.60%

|

Qatar 5.103% 04/48 102.997 4.88%

|

Nvidia 2.850% 04/30 94.751 3.90%

|

San Miguel 5.500% Perp 98.789 6.90%

|

Southwestern Electric Power 4.100% 09/28 99.089 4.34%

|

Embraer 5.050% 06/25 99.561 5.30%

|

SK Hynix 3.000% 09/24 99.979 3.63%

|

BNP 8.500% Perp 106.123 6.70%

|

Keybank 5.850% 11/27 103.509 4.62%

|

DBS 1.169% 11/24 99.300 4.50%

|

Korea Electric Power 7.000% 02/27 106.241 4.23%

|

Egypt 5.800% 09/27 92.231 8.73%

|

Pakistan 8.250% 09/25 97.114 11.18%

|

BCT 5.750% 01/25 96.417 15.16%

|

PCPD Capital 5.125% 06/26 90.101 11.40%

|

Campbell 5.200% 03/29 103.606 4.30%

|

Pemex 6.625% 06/35 78.236 9.96%

|

Del Monte Pacific 3.750% 12/24 100.379 2.25%

|

GLP 4.600% Perp 58.056 26.72%

|

Israel 7.250% 12/28 108.042 5.12%

|

TAQA 6.500% 10/36 115.530 4.79%

|

DTE 5.100% 03/29 102.756 4.40%

|

US Treasury 0.000% 10/24 99.275 4.85%

|

JLR 5.500% 07/29 99.806 5.54%

|

Bank East Asia 5.825% Perp 98.189 7.52%

|

StanChart 6.296% 07/34 108.515 5.01%

|

Vedanta (84% Sink Factor) 13.875% 12/28 100.671 6.54%

|

DBS 5.479% 09/25 101.151 4.30%

|

KOGAS 3.500% 07/25 99.161 4.48%

|

KSA Sukuk 5.250% 06/34 104.474 4.67%

|

PNC Bank 3.100% 10/27 96.582 4.27%

|

Scotiabank 5.250% 12/24 99.991 5.21%

|

REC 3.500% 12/24 99.605 4.96%

|

ING Groep 8.000% Perp 106.248 6.66%

|

Lockheed Martin 7.200% 05/36 115.085 5.43%

|

BNP 4.250% 10/24 99.895 5.13%

|

Alibaba 3.600% 11/24 99.663 5.04%

|

Jollibee 4.125% 01/26 98.732 5.08%

|

StanChart 4.750% Perp 86.087 7.54%

|

Barclays 6.125% Perp 99.360 6.65%

|

Wells Fargo 3.000% 04/26 98.020 4.27%

|

HSBC 4.000% Perp 96.647 6.36%

|

AerCap 3.650% 07/27 97.872 4.44%

|

Verizon 2.625% 08/26 96.997 4.25%

|

Axis Bank 4.100% Perp 95.099 6.75%

|

Teva 3.150% 10/26 95.725 5.35%

|

Vedanta (47% Sink Factor) 13.875% 01/27 100.281 10.59%

|

ICICI 4.200% 10/24 99.941 4.80%

|

Lenovo 6.536% 07/32 109.674 4.99%

|

Hutchison Whampoa 3.625% 10/24 99.831 4.69%

|

Barclays 7.300% Perp 104.657 5.91%

|

US Treasury 4.375% 05/34 105.438 3.70%

|

PNB 3.280% 09/24 99.896 5.03%

|

KOMIR 5.375% 05/28 102.950 4.49%

|

Rio Tinto 5.200% 11/40 103.346 4.89%

|

Goldman Sachs 3.750% 05/25 99.182 4.92%

|

Maldives 9.875% 04/26 69.683 36.64%

|

Humana 3.700% 03/29 97.406 4.33%

|

BoFAML 5.526% 08/26 102.677 4.02%

|

Charles Schwab 3.250% 05/29 95.985 4.19%

|

BPCL 4.000% 05/25 99.417 4.88%

|

KOGAS 3.500% 07/26 98.558 4.32%

|

EIB 2.500% 10/24 99.733 4.92%

|

Deutsche Bank 6.000% Perp 96.190 9.66%

|

Jollibee 4.750% 06/30 98.084 5.13%

|

Metropolitan Life 3.000% 09/27 96.689 4.17%

|

Buenos Aires 5.000% 09/37 37.625 17.10%

|

US Treasury 0.000% 09/24 99.759 4.34%

|

Philippines 10.625% 03/25 103.050 4.70%

|

Ford 4.750% 01/43 85.311 6.08%

|

Emirates NBD 1.840% 05/26 94.854 4.99%

|

Abu Dhabi 2.125% 09/24 99.803 5.04%

|

Walmart 4.500% 09/52 96.921 4.69%

|

Pricoa 5.100% 05/28 103.300 4.13%

|

Qatar 6.400% 01/40 117.704 4.76%

|

SBI 4.875% 05/28 101.114 4.53%

|

Shriram 6.625% 04/27 101.117 6.14%

|

Globe Telecom 2.500% 07/30 87.260 5.02%

|

Tyson Foods 5.400% 03/29 103.852 4.43%

|

Principal Financial Group 3.700% 05/29 97.545 4.28%

|

Wells Fargo 4.150% 01/29 99.526 4.26%

|

Shriram 4.150% 07/25 98.282 6.20%

|

Pakistan 7.375% 04/31 81.452 11.46%

|

Vale 3.750% 07/30 94.100 4.92%

|

Mercedes-Benz 5.500% 11/24 100.040 5.24%

|

Indofood 4.745% 06/51 86.128 5.76%

|

Korea East West Power 3.600% 05/25 99.318 4.64%

|

BNP 4.625% Perp 93.374 7.75%

|

Pemex 5.950% 01/31 83.390 9.46%

|

Exim India 5.500% 01/33 105.125 4.74%

|

Arabian Centres 9.500% 03/29 104.022 8.40%

|

This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.

Bond Market News

China Developer Sells Rare Floating-Rate Bond in Volatile Markets

May 22, 2018

China
Financial News
Investment Grade Bonds

China Vanke Co. (“Vanke”) priced a 5-year U.S. dollar floating rate bond at the end of last week amid volatile markets characterised by rising funding costs resulting from a deluge of supply from the China real estate sector. Chinese developers have been flooding the dollar bond market with new issuance to refinance maturing debt. This has spurred increases in borrowing costs as investors tire of debt from the sector, which has seen dollar issuance of $22.3 billion so far in 2018, a 96% jump from the same period in 2017. Fallout from market fatigue included property developer China Overseas Grand Oceans Group, who postponed a 5-year fixed-rate bond offering that was expected to price mid last week, due to unfavorable market conditions.

Vanke is China’s largest listed developer by market value and is the first developer from the country to sell a dollar-denominated FRN through the public syndicated bond market. The notes, which were priced at Libor+155 bps, are currently trading at a mid of Libor+150 bps. It is rare for non-financial borrowers to consider issuing floating rate notes as they become exposed to interest rate movements when bond coupons are based on Libor instead of being fixed. Nevertheless, in current markets, these are attractive investments for investors looking to hedge against a backdrop of rate increases. In line with this, a mix of investment grade and high-yield Chinese real estate companies are in talks with banks for potential issuance of floating rate bonds.

Share this

Looking for more ?

Curated global bond market news - delivered to your inbox everyday.

Go back to Latest bond Market News

Related Posts:

Why Foreign Investors Are Wary of China’s Massive Debt Market.

July 17, 2017

Sinopec Returns to the Dollar Bond Market for a Second Time in 2017

September 13, 2017

Opposing Views on Chinese Real Estate Dollar Bonds

October 2, 2017

Our Awards

Awards

Awards

Awards

Awards

Awards

Awards

Awards

BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.

Registered office: 8 Marina View, #43-062 Asia Square Tower 1, Singapore 018960

© Copyright BondbloX 2024, All Rights Reserved.