Bangladesh Sovereign Bond Outlook: Assessing a Prospective Debut International Bond
Bangladesh’s Prospective Debut International Sovereign Bond Khorlan Capital examines Bangladesh’s possible first international sovereign bond and assesses the potential structure, credit fundamentals, fair-value spread and principal risks facing investors. Bangladesh has never issued an international sovereign bond. A prospective transaction could establish the country’s first global U.S. dollar benchmark, diversify government financing and create a […]
Trinidad and Tobago Bond Analysis | 2038 Sovereign Bond Review
Trinidad and Tobago bond analysis examines the Republic of Trinidad and Tobago’s new USD benchmark 12-year sovereign bond due 2038. Khorlan Wealth provides independent institutional fixed income research covering emerging market sovereign debt. This report evaluates fiscal sustainability, government debt, energy revenues, sovereign valuation, relative value, and the investment outlook for institutional investors. Executive Summary […]
Intercorp Perú
Intercorp Perú has entered the international bond market with a benchmark USD 300 million 7-year senior unsecured offering. We initiate coverage with an Overweight recommendation, viewing the new issue as attractively priced relative to both the issuer’s existing curve and comparable Peruvian financial institutions. The company’s diversified operating platform, anchored by Intercorp Financial Services and […]
Philippine Airlines (PAL Holdings) Bond Analysis: 7.75% 2031 Bond Review & Credit Outlook
Khorlan Wealth provides independent institutional fixed income research covering emerging market sovereign and corporate debt. This report analyzes the newly issued PAL Holdings (Philippine Airlines) 7.75% 2031 senior unsecured notes, reviewing valuation, credit fundamentals, leverage trends, liquidity, relative value versus the Philippine sovereign curve, and the investment outlook for institutional investors. Philippine Airlines (PAL Holdings) […]
Avianca New Bond Issue: 10.25% Secured Notes Offer Attractive Yield Opportunity
Avianca has returned to the international bond market with a new USD senior secured 10.25% note due January 2032, offering investors one of the most attractive risk-adjusted yields in the Latin American airline sector. Backed by the company’s LifeMiles loyalty program and brand intellectual property, the new issue provides a meaningful concession versus Avianca’s existing […]
The Khorlan Capital Emerging Market Reference Guide provides institutional investors with a comprehensive overview of the Latin American sovereign and corporate bond universe. The report covers sovereign yield curves, corporate credit spreads, relative value opportunities, country positioning, and sector analysis across investment grade, crossover, high yield, and distressed emerging market issuers. Coverage includes Mexico, Brazil, […]