REDD Intelligence

The ISI Markets team will be at EMTA Forum in Dubai on February 17, where Mark Bohlund from REDD Intelligence will moderate an expert discussion on regional risks, oil pricing, and Saudi megaprojects. We look forward to showcasing REDD Intelligence's market-moving intelligence service, alongside CEIC Data and EPFR to help our clients connect economic factors, investor sentiment and asset class performance in developed and emerging markets. Meet our team Flavia Cesar, Maria Fernanda Blaser, David Wynne, and Jake Humphrey. To learn more about REDD and stay ahead with exclusive news and analysis, request a trial: https://lnkd.in/egCgB2yT

REDD Intelligence exclusively reported that Gemi Investments was eyeing the sale of parts of its AUD 300m (USD 184.6m) loan book. The Sydney-based private credit lender tapped several brokers, offering minimum tranche sizes of AUD 25m (USD 15.6m) in a bid to shore up liquidity after halting redemptions in January citing the need to preserve a necessary level of cash in the fund. The Gemi First Mortgage Fund, established in November 2021, invests in a portfolio of real estate-backed loans that are secured by first ranked mortgage security over non-specialized real estate assets in Australia and New Zealand. To learn more about REDD and stay ahead with exclusive news and analysis, request a trial: https://lnkd.in/eyR8XQ6X #PrivateCredit #RealEstateLoans #AustraliaFinance #DebtMarkets #Liquidity

We’re excited to sponsor the EMTA event in Dubai on Feb 17, 2025, where Mark Bohlund (REDD Intelligence) will moderate an expert discussion on regional risks, oil pricing, and Saudi megaprojects.

REDD Intelligence flagged what GIC’s recent moves mean for the future of India’s credit and equity markets. Singapore’s sovereign wealth fund has been in the headlines recently, with its rumored sale of its 50% stake in Indian renewable energy producer Greenko Energy Holdings and REDD’s exclusive reports of its plans to consider divesting its debt exposure to Narayana group unit Nspira Management Services. In the REDD Insight, REDD’s market commentary, we flagged GIC’s gradual reduction of Asia exposure (ex. Japan) and talk that the fund has also been scaling back its holdings of Indian government securities and corporate bonds, eyeing a reduction of its private credit exposure, lured by the better risk-reward profile in Europe and North America. To learn more about REDD and stay ahead with exclusive news and analysis, request a trial: https://lnkd.in/eKREgAMY #IndiaMarkets #GIC #PrivateCredit #REDDInsight #SovereignWealth

Mexico’s state-owned oil company Pemex is working with several banks to secure between USD 1bn and USD 5bn in syndicated loans to reduce its record-high supplier debt, which reached USD 20.5bn in 3Q24. These loans, syndicated among financial institutions and hedge funds, could be secured by sovereign bonds, but banks are also seeking additional protections through credit default swaps. While Pemex halted new contract signings in November to contain its growing debt, the suspension has impacted production levels, which fell significantly at the end of the year. President Claudia Sheinbaum has pledged that suppliers will receive payments gradually between December and March, but as of now, only about 1% of the amount owed has been paid. Some of the hardest-hit service providers include CP Latina, Borr Drilling, and Paratus, all of whom received suspension notices for jack-up rigs. Meanwhile, industry experts are debating whether Pemex’s short-term financing strategy will be effective in stabilizing its liquidity, with some arguing that issuing longer-term bonds could provide more certainty. As Pemex navigates its financial constraints, the company’s strategy will have significant implications for Mexico’s energy sector. Read the full analysis by Diana Nava, Xochitl Herrera , and Maria Fernanda Blaser for insights into the challenges and potential solutions. To learn more about REDD and stay ahead with exclusive news and analysis, request a trial: https://lnkd.in/e38smfcT #Pemex #MexicoEnergy #OilDebt #Finance #EnergyMarkets

Top highlights of the week driven by REDD's recognised team of journalists and analysts. Read more on: - GIC’s recent moves signal change in Indian investment landscape - Gemi Investments looks to sell portions of its AUD 300m mortgage loan book - China’s progress in sovereign debt workouts bodes well for future cases, Lazard says - Pemex banks provide loans to pay supplier debt, but hedge with CDS Want the scoops on breaking news and in-depth local insights like this? Request a trial: https://hubs.la/Q02yfc590

Get exclusive details on private credit deals you won’t find anywhere else. This isn’t just a summary of press reports or recycled data - it’s a deep dive into the trends, market direction, and key developments shaping the Australia and New Zealand private credit markets this year. If you want to understand what’s truly driving these opaque markets and stay ahead of the curve, this report is a must-read.

On 3 February, REDD was the first to report on Greenko Group's INR 10bn debt fundraise from JP Morgan Securities for project finance in Rajasthan. What caught the eyes was the juicy return on a bond intended to finance a project, upending assumptions about the cost of finance for a highly tracked name both onshore and offshore. REDD's market leading team blends onshore and offshore reporting expertise to bring our readers intelligence that helps them stay ahead of the market. The story is available to subscribers at https://lnkd.in/eQip_gTT Want the scoops on breaking news and in-depth local insights like this? Request a trial: https://lnkd.in/eYaE6Fc2

REDD Intelligence is excited to be attending the 21st Wharton Restructuring and Distressed Investing Conference (WRDIC), which will be held on Friday, February 21, 2025, at the Plaza Hotel in New York. The Wharton School hosts the largest restructuring and distressed investing-focused school-run conference in the United States. WRDIC are proud to serve as an important forum for industry practitioners, academics, and students to gather and exchange ideas. This year’s conference theme is “Beyond Bankruptcy: Innovative Approaches to Liability Management”, which gathers distinguished keynote speakers and panelists to discuss the evolving landscape of liability management, creative solutions in restructuring, and forward-thinking strategies for distressed investing in today's dynamic economic environment. Link to WRDIC 2025 Website: https://lnkd.in/ecbqGkQP Link to Ticket Registration: https://lnkd.in/e4m3zKxk Discount for 10% off Ticket Registration: REDD10-2025

Avianca bondholders organizing to negotiate terms of exchange offer. The Colombian airline is trying to refinance its debt and wants a little more wiggle room from bond holders. Even though holders of Avianca’s 2028 bonds don’t dispute the terms of the exchange, some are looking to get a higher consent fee for that. REDD reported on this conversations and also revealed the terms of the new USD 1bn the airline is raising ahead of its marketing that started on 21 January. To learn more about REDD and stay ahead with exclusive news and analysis, request a trial: https://lnkd.in/epNkibGi