EM CEEMEA CREDIT: Petra Diamonds: Refi Plan Update - Rights Issue & SGM
Oct-17 12:52
(PDLLN; Caa2neg/CCneg/NR)
#MNI #BasicIndustries #EM #Diamonds #SouthAfrica
• Reference to prospectus for rights issue, as well as debt extension as part of refi plan announced back in August (see our earlier note).
• Special General Meeting is due on 6 November.
• "Petra Diamonds Ltd: Publication of Prospectus and Notice of SGM" - BBG
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EQUITIES: US and EU Roll pace (updated)
Sep-17 12:44
Equity Roll Update, expect for the December to be front Month in Europe Tomorrow, US has already moved to Dec earlier this Week:
- ESA: 75%.
- NQA: 60% (below pace).
- DOW: 74%.
- VGA: 75%.
- EU Banks: 76%.
- Stoxx600: 83%.
- Dax: 71%.
- FTSE: 73%.
US TSYS: Post-Housing Starts & Building Permits React
Sep-17 12:36
- Little reaction to lower than anticipated Housing Starts & Building Permits data, Tsys holding near recent lows.
- Currently, the Dec'25 10Y trades -1.5 at 113-16 (yld 4.0221% -.0058) vs. 113-15 low.
- Initial firm support to watch is 112-28, the 20-day EMA. Conversely, moving average studies are in a bull-mode position, highlighting a dominant uptrend. This suggests scope for an extension through 114-00 next and a test of 114-10, the Apr 7 high (cont).
- Curves flatter: 2s10s -1.411 at 50.847, 5s30s -2.514 at 103.698.
- US$ holds inside narrow range, Bbg's BBDXY +.44 at 1189.34.
MNI: US AUG HOUSING STARTS 1.307M; PERMITS 1.312M
Sep-17 12:30
- MNI: US AUG HOUSING STARTS 1.307M; PERMITS 1.312M
- US JUL STARTS REVISED TO 1.429M; PERMITS 1.362M
- US AUG HOUSING COMPLETIONS 1.608M; JUL 1.483M (REV)
