HNA's Units Are on a Borrowing Spree, Swallowing High Rates
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Units of HNA Group Co. are stepping up fundraising in the local bond market even as borrowing costs soar, adding to concerns about the...
Saudi Arabia: A Corruption Crackdown Presents a Buying Opportunity
The recent power struggle in Saudi Arabia triggered a bond sell-off in the Kingdom’s sovereign bonds. We believe that the sell-off has...
Guangzhou R&F: Repricing The Business Model
Guangzhou R&F (“the group” or “R&F”) is a mid-sized Chinese property developer with a strong entrenched product and execution track...
Vedanta Resources: Getting ZINCronized
Vedanta Resources PLC (VED LN) ("Vedanta")'s rating upgrade by Moody's on 20-November reflects India's sovereign rating upgrade 3 days...
Les hommes de paille du groupe HNA sortent de l'ombre
Le conglomérat chinois a fourni des informations erronées concernant son actionnariat lors du rachat de Gategroup en 2016. Cela pourrait...
Indika Energy: Doubling-Down on Coal
Indika Energy (“Indika” or “the group”) is one of Indonesia’s last surviving legacy coal mining credits which has emerged relatively...
Mifid’s Pay-to-Parlay Rule Will Have a Nasty Side Effect: Gadfly
https://www.washingtonpost.com/business/mifids-pay-to-parlay-rule-will-have-a-nasty-side-effect-gadfly/2017/11/16/79f5b44a-cad3-11e7-b506...
PhosAgro PJSC (PHOR LI): Weakening Credit Metrics on Depressed Fertilizer Prices
Phosagro, the largest standalone fertilizer producer in Europe, has been victimized by the Ruble's appreciation vs the USD and weak...
HNA’s Top Owner Is Said to Name Ex-German Minister as Chief
https://www.bloomberg.com/news/articles/2017-11-07/hna-top-owner-is-said-to-name-ex-german-vice-chancellor-as-chief
HNA to offer most expensive China bond
https://www.thestar.com.my/business/business-news/2017/11/06/hna-to-offer-most-expensive-china-bond/
China's scrutiny of HNA sends its refinancing cost to record
http://www.theedgemarkets.com/article/chinas-scrutiny-hna-sends-its-refinancing-cost-record
HNA, the Curious Company Worrying China and U.S.: QuickTake Q&A
https://www.bloomberg.com/news/articles/2017-07-26/hna-the-curious-company-worrying-china-and-u-s-quicktake-q-a
HNA: Huge,National, & Aggressive
HNA has grown so Huge it has become a National interest, in our judgment. Its Aggressive acquisitions backed by rising leverage have...
China Evergrande Group: The Next Major Challenge
China Evergrande Group (the group) holds the distinction as the largest Chinese property developer by the size of land bank. Its...
Asia Treasury Leaders’ Forum 2017
Warut Promboon was speaking in an Asian Treasury Leaders' Forum 2017 at HKCEC on China's onshore bonds: Access, Rewards & Risks. He was...
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