Manappuram Finance Ltd. - A "Golden" Opportunity
We like the 5.9% bonds due 2023 issued by Manappuram Finance (MGFL IN) . We like the company's primary business (making loans collateralized by...
437 Views
Asian HY Banks & The Global Debt Capital Markets
In the global debt capital markets, Additional Tier 1 (AT1) bonds continued to price at levels attractive for their issuers. In addition to...
332 Views
Asian Bank HY Credit Weekly: Senior and Tier 2 Bonds Perform in Risk-Adverse Environment
Coronavirus contagion concerns negatively impacted every Hong Kong-, South Korea- and most mainland China-headquartered Additional Tier 1 (AT1)...
366 Views
LIC Housing – Dizzying Gearing, Soaring Bad Loans
The risks are obvious even if it’s housing lending. Debt/equity is 996% for LIC Housing Finance (LICHF IN), higher than any other NBFC in India as...
436 Views
Muthoot Finance – An Oasis In India Financials
Increased risks in India financials abound. This includes dubious auditing work; divergence in bad loans; funding risk; excessive lending growth;...
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