Overbond AI Opens R&D Labs in Montréal

Master’s, Doctoral and Post-doctoral Fellows From HEC Montréal And Concordia Universities Develop Forward Bond Pricing Applying AI Montreal and NEW YORK – August 15, 2019 – Overbond Ltd., a fixed income capital markets fintech for AI predictive analytics, announces the opening of its Montréal-based R&D Labs as well as a partnership with HEC Montréal, Concordia…

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Boeing intends to issue debt to fund Embraer purchase

Boeing to issue debt to acquire Embraer by the end of the year as it tries to maintain strong balance sheet while losses from 737 Max continue to rise Source: Flight Global Boeing intends to issue debt to fund the majority of its planned $4.2 billion acquisition of Embraer’s commercial division, a deal the companies…

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Finra to Expand Use of Machine Learning for Market Surveillance

As sophisticated fixed income asset managers are getting smart, Finra wants to get smarter with the use of Machine Learning for Market Surveillance Source: Waters Technology The Financial Industry Regulatory Authority (Finra) is in the process of expanding its use of machine learning for market surveillance as it continues to refine its algorithms to trace…

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India’s $10 Billion Foreign Debt Sale: Investors Debate Options

As India’s $10 Billion foreign bond issuance has caused confusion, what options do investors have? Source: Yahoo With India’s plans for its inaugural overseas bond sale shrouded in confusion, investors are assessing the government’s options for the $10 billion offering. The departure of the official handling the sale and reports of opposition from the prime…

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Fitch, Moody’s cut Boeing’s debt outlook to ‘negative’ on 737 MAX problems

Fitch and Moody’s lowered their outlooks for Boeing as 737 Max saga continues Source: Thomson Reuters Fitch Ratings and Moody’s lowered their outlooks for Boeing Co (BA.N) to “negative” from “stable” on Monday, citing delays in its 737 MAX jets’ return to service. The revision, which comes on the heels of Boeing’s nearly $5 billion…

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As defaults rise, China bond markets are pricing risks better

Due to 60% increase in defaults in China, spreads go wider as bond investors demand larger premiums to hold riskier debt Source: The Telegram SHANGHAI – July 15 proved a rough day for Chinese bondholders, bringing defaults by five issuers including Jinggong Group, an industrial conglomerate whose interests span steel, finance and rice wine. But…

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Scotiabank Turns to Dollar Market for Its First Green Bond

Start of Green Bond era? Scotiabank set to issue $500 million – 3.5 year Green Bond Source: Bloomberg Bank of Nova Scotia is debuting in the green bond market following other Canadian rivals including Royal Bank of Canada. The Toronto-based lender is set to price $500 million of 3.5-year senior bail-in green bonds at a yield…

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Sovereign Wealth Funds Love Bonds Now. But Why?

Sovereign investors are buying bonds as a defensive position on the back of improving yields Source: Bloomberg Sovereign investors command an astounding amount of assets, yet traders typically have only a vague sense of what these behemoths are doing with all that money. Invesco Ltd. has at least one answer: They’re buying bonds. For the first time…

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Greece Bond Issue Talk Resurfaces in Post-election Glow

Greece might issue new debt at lower borrowing cost to pay back IMF loans Source: Financial Post Greece’s debt agency could take advantage of a post-election boost to issue new debt at record low borrowing costs in the coming weeks to repay an expensive International Monetary Fund loan, sources told Reuters on Monday. Two bankers…

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