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Executive summary: Summary Geography China Sector Telecommunications Credit rating Caa1/WR (Moody’s/S&P) Report date 11-May-2020 Dr. Peng Telecom & Media Group Company Limited (Dr. Peng) is a guarantor of Dr. Peng Hong Kong Holding Limited, an issuer of USD500m bonds maturing 1st June 2020 (CHEDRP 5.05% 6/20s). This report focuses on the liquidity situation, and the maturity extension request. The company’s credit outlook over the next 12 months remains negative, in our view, given its weakening liquidity and the asset sale which we believe will increase execution ri
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    Tobias Harris@observingjapan·
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    My conversation from yesterday with @GPS_UCSD's @UlrikeSchaede
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    China's move to tweak its exchange rate is less about weakening the yuan, and more about the gradual liberalization of the currency, say some market strategists.
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    Federico Steinberg@Steinbergf·
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    Here I discuss the international role of the euro with @Aligarciaherrer https://asiatimes.com/2020/10/politics-not-economics-demands-stronger-role-for-euro/

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    Lorena Giorgio@lore_giorgio·
    27 Oct

    ¿Fue buena la licitación de hoy? Si, fue buena. Pero era totalmente esperable con las expectativas de devaluación por las nubes. ¿Resolvió algún problema de fondo? Ninguno. Se ganó algo de tiempo. Restan ver 2 cosas importantes: % sector público y % que viene del desarme leliqs

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