Investing in Chinese High Yield Bonds Uncategorized by Matt - March 3, 2022March 3, 20220 If you have been reading on Bloomberg, there have been some issues with China offshore credit lately. The Asia high yield bond market is dominated by China, which is in turn dominated by the property development sector. As a result of the collapse of US dollar denominated Chinese property developer bonds,
What’s Going On With China Real Estate? Uncategorized by Matt - February 20, 2022February 20, 20220 General Overview of China Real Estate Market in 2022 Starting in the 2nd half of 2021, China Property (or China Property High Yield, China Real Estate High Yield, China Real Estate equities) became a big topic for global markets. Although already trending down from the February 2021 highs reached by Chinese stocks
What I Missed About Tesla Stock Investing by Matt - January 16, 2021January 16, 20210 Improving as an Investor: Self Reflection I am a pretty good investor. My total returns in 2020 exceeded 60%, with gains primarily driven by select big tech stocks, consumer and China. I missed out on run ups in SaaS, Tesla, Peloton, NIO, Zoom and Bitcoin/Crypto. I also applied a lot of leverage
Overview of Major Chinese Tech Stocks Technology by Matt - January 9, 2021January 15, 20210 In progress... Overview of Major Chinese Tech Companies In this article we provide a summary of major Chinese tech companies that are the dominant players domestically and have broad reach globally. Chinese tech giants have the largest market capitalizations in China (and some of the largest in the world) and will become
Private Debt / Direct Lending Overview Credit Fixed Income by Matt - January 8, 2021January 16, 20210 What is Private Debt / Direct Lending? Direct lending, private debt, private credit, private lending, illiquid credit and alternative credit are sometimes used interchangeably for bespoke, structured credit offered by non-bank lenders - going directly to the borrower. As the group of lenders is either a small consortium or just one counterparty,
Credit Agreement Key Terms Credit The Law by Matt - January 8, 2021January 8, 20210 What are some of the key terms of a credit agreement that are important to commercial bankers, corporate bankers, credit investors and restructuring investment bankers? Here are some of the main parts of the credit agreement that are often referenced. Anatomy of a Credit Agreement Recitals Definitions Terms of Commitments and Loans
Sell Side Handbook Predicts… Stonks in 2021 Coronavirus by Matt - January 1, 20210 2020 was an interesting year in finance. The overall return in my PA was around 40% (simply taking the total gain on monies invested since January 1, 2020), which means if you went all in on the NASDAQ, Green Thumb Industries or Tesla/NIO congratulations you have trounced in great measure
Analysing Bond Indentures and Credit Agreements Credit by Matt - January 1, 2021January 1, 20210 What to Look for in Credit Agreements As a credit investor, it is important to remember that being higher on the priority of payments is a function that they do not receive the rewards of ownership or equity. The returns on equity are uncapped while tranches of debt can only earn
Credit Cycle – Looser Covenants Credit by Matt - December 19, 2020December 19, 20200 Yield and Covenant Trade Offs What gives rise to a restructuring or financial distress? Often, the seeds for a restructuring are planted when creditors first subscribe for new debt issuance, sometimes under debtor friendly terms. When markets are flush with liquidity and buy-side investors are starved for investment opportunities, creditors sometimes make
Guide to Distressed M&A Mergers & Acquisitions Restructuring The Law by Matt - December 11, 2020December 11, 20200 Distressed M&A differs from mergers & acquisitions under normal circumstances as time is of the essence in a bankruptcy or distressed situation and numerous dynamics are at play. Investment banks with prominent financial restructuring practices are well versed with distressed M&A situations. Distressed M&A takes place on a tight schedule versus