Bond market data and technology, BondEvalue

BondEvalue

Bond market data and technology

BondEvalue is a Singapore-based Fintech that specializes in bond market data and technology. The company's information services business offers bond market data on hard-currency corporate & sovereign bonds across Asia, Middle East, Europe and the Americas. The data, which includes bond prices, yields, news and analytics, is offered to end investors via interactive Mobile and Web Apps. Investors can sign up for a free trial of the service either via the company's website (https://bondevalue.com) or by downloading the BondEvalue Mobile App (http://onelink.to/wej7jq). BondEvalue is also developing an electronic bond exchange, BondbloX in Singapore that allows investors to trade bonds electronically in smaller sizes (US$1,000 or equivalent). For more information, visit https://www.bondblox.com/

Bond Market Data and Technology

Credit

British sports carmaker McLaren is planning to raise $620mn via a new bond issue  in a bid to refinance existing bonds and boost its balance sheet. Bloomberg reported that unofficial indications are in the 8% yield range as per investors looking at the deal. This comes close on the heels of a capital raise of £550mn ($750mn) from investors including Saudi Arabia’s sovereign wealth fund announced last Friday. As per the company’s press release , “New investors, funds managed by the Private Equity and Credit Groups of Ares Management Corporation and Public Investment Fund (PIF) , have committed to invest a total of £400 million in McLaren Group Limited in the form of Preference Shares and equity Warrants, bringing capital as well as significant financial and strategic expertise to McLaren.” Further, existing investors including Bahrain’s Mumtalakat and “a limited number of private investors” will invest £150mn ($205mn) via convertible preference shares, which will be used towards repaying a loan from the National Bank of Bahrain that was taken in June last year.

McLaren Lines Up $620mn Bond After Raising $750mn from Investors; Upgraded to CCC+ by S&P

Asia High Yield Bond Index

McLaren Lines Up $620mn Bond After Raising $750mn from Investors; Upgraded to CCC+ by S&P