Return of the Fedi: Yellen's language to be key for SSAs
With the market 81.4% sure that the Fed is going to raise rates today, according to the Fed Fund futures, the focus will be not be so much on the numbers, but the language used. One thing already seems...
View ArticleLoans make last stand as corp fin crumbles
Loans are the last bastion of European corporate finance activity, as the rest of the market falls to Federal Reserve trepidation. But the right message from the Fed could open the door for small,...
View ArticleBanks raising loan for $4.5bn Oman Liwa Plastics project
Banks are arranging a loan of around $3bn for Oman Oil Refineries and Petroleum Industries Company (Orpic) to build the $4.5bn petrochemicals complex called Liwa Plastics Industries.
View ArticleBanks rank top with credit investors
Credit investors rank FIG the most preferred asset class, according to Fitch’s latest European senior fixed income survey, reflecting the expectation that the sector will continue to improve.
View ArticleXinte Energy launches one of the year’s last IPOs in HK
Xinte Energy Co has opened books for one of Hong Kong’s last IPOs of the year, with a little over half of the HK$1.36bn ($175.4m) listing covered by cornerstone demand.
View ArticleCheers to Christmas
One of my banker friends had always found Hong Kong to be the most glamorous city because every time he was here for work, he stayed in luxury.
View ArticleO2 Czech dials up Ck12bn loan for share buyback
O2 Czech Republic has signed up to Ck12bn (€444m) of loans, of which it will use part to fund a share buyback programme.
View ArticleYue Xiu Enterprises rolls out $200m facility with one
A $200m equivalent borrowing for Yue Xiu Enterprises has been launched into syndication with one bank at the helm.
View ArticleHSBC turns to synthetic securitization to ramp up restructure
HSBC has closed its first synthetic securitization since the crisis as it slashes the balance sheet consumed by its corporate lending book. The deal transfers the risk on a $5bn portfolio of large...
View ArticleKenya soaks up African appetite and grows loan to $750m
Kenya’s two year sovereign loan grew from $600 to $750m in syndication, boosted by the lack of syndicated loans elsewhere in Africa this year.
View ArticleBank of Zhengzhou prices low on $656m float
Bank of Zhengzhou has raised HK$5.08bn ($656m) via its Hong Kong IPO after pricing at the floor of its range on Wednesday.
View ArticleChina announces RMB exchange rate index for first time
The China Foreign Exchange Trade System (CFETS) published details of an exchange rate index for the renminbi for the first time on December 11. The index is based on a basket of 13 currencies,...
View ArticleChina encourages Russian Panda bond and Thailand gets RQFII
More cross-border RMB activities can be expected as the People’s Bank of China (PBoC) has approved Rmb50bn ($774m) of RQFII quota to Thailand, and agreed with Russia to deepen bilateral financial...
View ArticleBank capital’s best and worst 2015
Persistent volatility has left the vast majority of 2015’s bank capital trades trading wide of their launch levels, with poor periphery performers joined by some notable big hitters at the bottom of...
View ArticleLat Am to see January supply but stay sub par
Latin American DCM bankers say that January will bring a pick-up in new issue supply after a torrid second half of the year, but a positive reaction to Wednesday’s US interest rate hike has done little...
View ArticleRAIT CRE CLO priced to draw drab year to close for asset class
Issuers on Thursday priced RAIT 2015-FL5, a $347.4m commercial real estate (CRE) CLO, selling the senior class of bonds at 210bp over one month Libor.
View ArticleEnd of Brazil’s investment grade era brings hefty selling in bonds
For most observes it had already become a matter of time. Standard & Poor’s had already made Brazil a sub-investment grade borrower and both Fitch and Moody’s had Latin America’s largest sovereign...
View ArticleKDB readies dollar return, sends out RFP
Korea Development Bank (KDB) is set to return to the dollar bond market as early as the first week of January, having issued a request for proposals.
View ArticleRMB round-up: December 18, 2015
In the last RMB round-up of 2015, HSBC became the first foreign bank to issue RMB-denominated CDs to corporates in China, Hungary plans RMB bonds in 2016 and Russian bank VTB saw a big boost to its RMB...
View ArticleANZ makes Hodges acting CFO
Australia and New Zealand Bank has given its deputy chief executive, Graham Hodges, the additional role of acting chief financial officer.
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