Ali Shah Rajani, Author at ��Ƶ

Local SOE/LGFV dollar bonds in Chongqing, Yunnan under selling pressure

Ali Shah Rajani — Thu, 04 Mar 2021 01:54:22 +0000

A default by Chongqing Energy, if confirmed, would not be a big surprise given the company’s weak credit profile and its rapidly declining importance to the government in recent years, Zerlina Zeng, an analyst at research firm ��Ƶ, said in a note.

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Alibaba Sells $5 Billion of Bonds

Ali Shah Rajani — Mon, 08 Feb 2021 01:45:14 +0000

Joel Liauw, an analyst at ��Ƶ, said the company was one of Asia’s strong borrowers, thanks to its high profitability, steady cash-flow generation and large cash pile. “Although we do expect more headline risks stemming from the U.S.-China geopolitical tensions as well as the antitrust probe, Alibaba’s solid credit profile should provide some cushion against a short-to-medium term downturn,” Mr. Liauw said in an email.

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Chinese Property Developers Have Huge Debts to Refinance

Ali Shah Rajani — Mon, 18 Jan 2021 17:34:49 +0000

The amount of orders placed for such deals showed many offshore investors are eager to participate, said Luther Chai, a credit analyst at ��Ƶ in Singapore. Mr. Chai said some weaker issues with single-B credit ratings—scores that place them firmly in the “junk” category—had been able to raise funds at cheaper rates than similar deals in the fourth quarter.

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Indian Banks to See Jump in Non-Performing Loans: ��Ƶ

Ali Shah Rajani — Fri, 27 Nov 2020 08:00:55 +0000

Pramod Shenoi, head of Asia Pacific financials research at ��Ƶ, discusses the outlook for Indian banks, the economy and policies. Indian lenders are making fresh loans at the slowest pace in at least three years as the coronavirus outbreak damps demand. Shenoi speaks with Rishaad Salamat and Juliette Saly on “Bloomberg Markets: Asia.”

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Chinese banks face these risks ahead going into 2021: ��Ƶ

Ali Shah Rajani — Fri, 30 Oct 2020 09:44:39 +0000

Jason Tan of ��Ƶ discusses factors such as non-performing loans and the possibility of lopsided consumption growth in China that could affect banks across the country.

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China Evergrande’s 30 per cent discounts get world’s most indebted developer within sight of sales goal, allay cash crunch fears

Ali Shah Rajani — Mon, 12 Oct 2020 07:05:16 +0000

“The strong sales in September and October, if coupled with a healthy cash collection rate, will help the company generate the cash required to alleviate its tight liquidity position and address other upcoming debt obligations,” said Luther Chai, analyst with Singapore-based debt-research firm ��Ƶ.

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Japan regional bank mergers should and will happen: ��Ƶ

Ali Shah Rajani — Wed, 07 Oct 2020 06:39:03 +0000

Pramod Shenoi from ��Ƶ says mergers among the regional banks in Japan are overdue due to cost pressure. He doesn’t expect bigger banks acquiring small players as they would likely steer clear of additional credit risk from SME loans.

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China Evergrande Quells Cash-Crunch Worries With Investor Show of Support

Ali Shah Rajani — Mon, 05 Oct 2020 01:39:14 +0000

For Evergrande bondholders, “this is the most important development we’ve seen so far,” said Luther Chai, an analyst at ��Ƶ in Singapore. He expects prices of the company’s bonds to recover significantly.

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Property Developer China Evergrande Erases Market Losses

Ali Shah Rajani — Tue, 29 Sep 2020 02:37:12 +0000

On Monday, several analysts said the market had overreacted last week. “It is fear, not credit fundamentals, that is driving the depressed bond prices of Evergrande,” analysts from ��Ƶ said in a research note, adding that some investors have started to “bottom fish.” The analysts recommended a “speculative buy” on Evergrande bonds that fell to as low as 72 cents on the dollar.

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China’s Greatest Bank Falls Quick in Bid to Replenish Capital

Ali Shah Rajani — Thu, 17 Sep 2020 16:01:31 +0000

The Further Tier 1 bonds priced at a yield of 3.58%, which was just under what rival Bank of China issued debt at earlier this year, in accordance with Pramod Shenoi, head of APAC analysis at Creditsights. “Achieving a tighter coupon may have been more important for the issuer,” Shenoi stated. “We’ve seen that investors have had less cash to put to use more recently — they have allocated their cash and cash levels are low — so overall supply would have used up their cash.”

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Ali Shah Rajani, Author at ������Ƶ

Local SOE/LGFV dollar bonds in Chongqing, Yunnan under selling pressure

Alibaba Sells $5 Billion of Bonds

Chinese Property Developers Have Huge Debts to Refinance

Indian Banks to See Jump in Non-Performing Loans: ������Ƶ

Chinese banks face these risks ahead going into 2021: ������Ƶ

China Evergrande’s 30 per cent discounts get world’s most indebted developer within sight of sales goal, allay cash crunch fears

Japan regional bank mergers should and will happen: ������Ƶ

China Evergrande Quells Cash-Crunch Worries With Investor Show of Support

Property Developer China Evergrande Erases Market Losses

China’s Greatest Bank Falls Quick in Bid to Replenish Capital

Ali Shah Rajani, Author at ��Ƶ

Indian Banks to See Jump in Non-Performing Loans: ��Ƶ

Chinese banks face these risks ahead going into 2021: ��Ƶ

Japan regional bank mergers should and will happen: ��Ƶ