Group 1 - The iBoxx China USD bond investment-grade index rose by 0.59% and the speculative-grade index increased by 1.25% [2] - The People's Bank of China and six departments issued guidelines to support consumption and stabilize economic expectations, emphasizing the importance of monetary policy and fiscal policy coordination [2] - The manufacturing PMI for June was reported at 49.7%, while the non-manufacturing PMI was at 50.5%, indicating a slight recovery in economic activity [3] Group 2 - The issuance scale of offshore bonds decreased in the primary market, while the secondary market saw slight increases in investment-grade and high-yield bond indices [3] - The energy futures prices dropped due to easing tensions in the Middle East, affecting related bonds in the petrochemical sector [4] - The real estate high-yield bond index showed a slight increase, with companies like Vanke completing significant bond repayments [4] Group 3 - Zhongjun Group signed a restructuring support agreement to restructure $2.271 billion in debt [5] - Shenzhen Longguang Holdings sent a restructuring proposal to creditors for 21 company bonds and asset-backed securities [5] - CIFI Holdings announced that its offshore debt restructuring plan was approved by the court [5] Group 4 - The U.S. core PCE price index rose by 2.7% year-on-year, slightly above market expectations, while personal consumption expenditures fell by 0.3% month-on-month [6] - The Hong Kong government reopened existing 3-year and 5-year government bonds, with issuance sizes of HKD 1.25 billion each [9] - The National Development Bank successfully issued dual-currency bonds in the international market, achieving a high subscription rate [9] Group 5 - S&P restored the credit rating of China Great Wall Asset Management to "BBB" with a stable outlook after a capital injection [15] - Moody's upgraded Shanghai Electric's rating to "Baa2" with a positive outlook, expecting improved leverage ratios [16] - New World Development secured written commitments from all banks for a HKD 87.5 billion refinancing [29]
中资离岸债周报 | 上周中骏集团控股订立重组支持协议，深圳龙光控股发送境内债券重组议案