Authorities’ willingness to accept defaults could be on the rise as economy emerges from Covid-19 shock, but systemic risks are unlikely, according to ratings agency.
Meanwhile, other event participants bemoan a peculiar market characteristic wherein companies choose short-cycle borrowings over long-term bonds even for long-term needs.
Central China Real Estate’s Mai expresses cautious optimism over property sector while New World Development’s Lam elaborates on Greater Bay Area challenges.
Time spent with global investors allowed the central Asian republic to slash funding costs and refocus the economy away from coal while paving way for a future issuance.
How far will capital markets evolve to mitigate the threat of a possible next wave of the pandemic or will they, given a short hiatus, simply return to the old status quo? We welcome your comments and criticisms.
The government has committed millions to helping save both Qantas and Virgin Australia, although the CEO of the former has publicly stated the later doesn’t deserve it. How much Virgin ends up receiving could have a significant impact on its corporate bond holders.