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OYO Hits Pause on IPO, Plans to Refile After Refinancing: Sources - Vimarsana News

OYO Hits Pause on IPO, Plans to Refile After Refinancing: Sources

So its prudent to withdraw the current application, he added.The refinancing will extend the repayment timeline to five years -- versus the repayment of the remaining TLB due in 2026 -- the source said.The bond issuance would significantly lower the current effective interest rate of 14 per cent on its existing USD 450 million Term Loan B TLB facility.The refinancing is expected to result in annual interest savings of USD 8-10 million Rs 66.4-83 crore in the first year, after accounting for the costs associated with the bond issuance.

Traders Turn Most Skeptical of EM Bond Rally Since 2013 Taper Tantrum - Vimarsana News

Traders Turn Most Skeptical of EM Bond Rally Since 2013 Taper Tantrum

(Bloomberg) -- Short sellers are making the biggest bets against emerging-market dollar bonds in more than a decade on speculation that the recent rally has gone too far.Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareUkraine Says It’s Behind Blaze on Russian Warship in Baltic SeaBillionaire Geiger, Blackstone Near L’Occitane DealYellen Junks 200 Years of Economics to Block China Clean TechBlackRock Inc.’s iShares JPMorgan USD Emer

Source: yahoo.com
Rakuten Offers $1.25 Billion Junk Bond in Return to US Market - Vimarsana News

Rakuten Offers $1.25 Billion Junk Bond in Return to US Market

(Bloomberg) -- Rakuten Group Inc. is returning to the high-yield bond market with a $1.25 billion offering, in the latest move by the debt-laden Japanese online retailer to try to bolster its finances. Most Read from BloombergTrump’s Net Worth Drops $1 Billion as Social Media Firm SinksErdogan Suffers Historic Loss in Turkey Municipal ElectionsA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterCaribbean Golden Passport Cost Soars to $200,000

Source: yahoo.com
The Temptation of Frontier Markets by Barry Eichengreen - Vimarsana News

The Temptation of Frontier Markets by Barry Eichengreen

Barry Eichengreen sees several reasons why countries like Côte d'Ivoire and Benin have been able to tap international investors.

Adani Green Energy to raise $409 million via dollar bonds - Vimarsana News

Adani Green Energy to raise $409 million via dollar bonds

Reuters had earlier reported that Adani Green Energy was looking to raise around $500 million by issuing dollar bonds in March, making it the first Adani group company to return to the overseas bond market in a year.