Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

High Yield Experts

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

Credit

<p><br/> We believe Agile has sufficient liquidity to redeem the maturing AGILE 3.85 21, based on its reported cash balance. The company has USD 500 mn of Notes due in H1/22 and USD 600 mn in H2. The company may face difficulties issuing new Notes going forward, given the poor financing environment. Even so, Agile should have sufficient internal cash to repay the maturing USD bonds, as well as CNY 4.5 bn of corporate bonds and CNY 1.8 bn of other borrowings due in FY 2022. The remainder of the company’s debt maturing in FY 2022 (CNY 14 bn, accounting for 57% of maturing debt) are in the form of bank loans, which Agile should be able to refinance. As of end-June, Agile had undrawn credit facilities of CNY 6.0 bn (although the company did not disclose if the facilities were committed).<br/></p>

  We believe Agile has sufficient liquidity to redeem the maturing AGILE 3.85 21, based on its reported cash balance. The company has USD 500 mn of Notes due in H1/22 and USD 600 mn in H2. The company may face difficulties issuing new Notes going forward, given the poor financing environment. Even so, Agile should have sufficient internal cash to repay the maturing USD bonds, as well as CNY 4.5 bn of corporate bonds and CNY 1.8 bn of other borrowings due in FY 2022. The remainder of the company’s debt maturing in FY 2022 (CNY 14 bn, accounting for 57% of maturing debt) are in the form of bank loans, which Agile should be able to refinance. As of end-June, Agile had undrawn credit facilities of CNY 6.0 bn (although the company did not disclose if the facilities were committed). 

Agile Group - Event Flash - Investor Call Updates - Lucror Analytics

Agile Property Holdings

Agile Group - Event Flash - Investor Call Updates - Lucror Analytics