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Global Banks Lose Juicy Fees as China Junk Bond Drought Drags On - Vimarsana News

Global Banks Lose Juicy Fees as China Junk Bond Drought Drags On

(Bloomberg) -- High-yield bond sales in Asia are off to their slowest start in six years as China property developers remain largely shut out of the market, dealing a blow to the top arrangers of these deals including HSBC Holdings Plc and JPMorgan Chase & Co. Companies have raised just $2.41 billion in the region’s dollar junk bond market this year, compared with $21.9 billion in the same period last year. The drought extends a slowdown from 2021 when issuance plunged 42% in the second half from the previous six months to a five-year low, according to data compiled by Bloomberg. Investment ...

Global Banks Lose Juicy Fees as China Junk Bond Drought Drags On - Vimarsana News

Global Banks Lose Juicy Fees as China Junk Bond Drought Drags On

(Bloomberg) -- High-yield bond sales in Asia are off to their slowest start in six years as China property developers remain largely shut out of the market, dealing a blow to the top arrangers of these deals including HSBC Holdings Plc and JPMorgan Chase & Co. Companies have raised just $2.

HSBC, JPMorgan Among Banks Losing Fees in China Junk Drought - Vimarsana News

HSBC, JPMorgan Among Banks Losing Fees in China Junk Drought

(Bloomberg) -- High-yield bond sales in Asia are off to their slowest start in six years as China property developers remain largely shut out of the market, dealing a blow to the top arrangers of these deals including HSBC Holdings Plc and JPMorgan Chase & Co. Companies have raised just $2.41 billion in the region’s dollar junk bond market this year, compared with $21.9 billion in the same period last year. The drought extends a slowdown from 2021 when issuance plunged 42% in the second half from the previous six months to a five-year low, according to data compiled by Bloomberg. Investment ...

Debt-crippled Chinese property giant Evergrande defaults for the first time - Vimarsana News

Debt-crippled Chinese property giant Evergrande defaults for the first time

Evergrande, which ran into trouble after the Chinese government launched a crackdown on rampant borrowing in the real estate sector earlier this year, has defaulted on $1.2bn of bond debt.

Chip Drought Hits Mexico Hard as Auto-Parts Bonds Take a Beating - Vimarsana News

Chip Drought Hits Mexico Hard as Auto-Parts Bonds Take a Beating

(Bloomberg) -- As semiconductor shortages roil global supply chains, few auto-parts suppliers have been as hard hit as those in Mexico.