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

Tunas Baru Lampung (TBLA) has begun marketing an issuance of USD 400 mn 5NC2 senior unsecured Notes. The Notes are expected to be rated B1/B+ by Moody’s and Fitch, on a par with the issuer ratings. The proceeds are expected to be used to: [1] redeem the USD 250 mn 7% Notes due January 2023 at 103.5; [2] repay IDR 1.5 tn (USD 106 mn) of domestic Notes due in 2023 and 2025; [3] repay up to USD 18 mn of short-term loans; and [4] pay transaction costs and fund the interest reserve account, for a total of c. USD 17 mn.  We expect the new Notes to price at 7.0-7.5%.

  Tunas Baru Lampung (TBLA) has begun marketing an issuance of USD 400 mn 5NC2 senior unsecured Notes. The Notes are expected to be rated B1/B+ by Moody’s and Fitch, on a par with the issuer ratings.   The proceeds are expected to be used to: [1] redeem the USD 250 mn 7% Notes due January 2023 at 103.5; [2] repay IDR 1.5 tn (USD 106 mn) of domestic Notes due in 2023 and 2025; [3] repay up to USD 18 mn of short-term loans; and [4] pay transaction costs and fund the interest reserve account, for a total of c. USD 17 mn.    We expect the new Notes to price at 7.0-7.5%. 

Tunas Baru - Event Flash - Marketing USD 400 Mn 5NC2 Notes  - Lucror Analytics