Laos sells first dollar bond in Thailand
The Lao People’s Democratic Republic has become the first foreign issuer to sell a dollar bond in Thailand’s domestic market, raising $182m from a privately placed offering.
View ArticleTata Power, Birla Carbon loans net commitments
A $305m three year borrowing for Tata Power's subsidiary, Khopoli Investments, has received commitments from two banks, having been in general syndication since September.
View ArticleUltraTech Cement allocates $365m loan
Aditya Birla Group company UltraTech Cement has wound up a $365m dual-tranche refinancing with five lenders in the syndicate.
View ArticleThai bourse sets out target for 2016 market cap
The Stock Exchange of Thailand is aiming to hit Bt270bn ($7.5bn) in market capitalization for IPOs in 2016, after beating its target for this year by nearly Bt50bn, according to a statement from the...
View ArticleP&M Notebook: Hiring in December?
For the end of a long year, there’s still plenty of action in the markets. The Fed was tedious, but banks are still hiring, firing and honing their businesses for the year ahead, while regulators are...
View ArticleSecondary pricing update: the 2015 close
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.
View ArticleFunding Scorecard: European sovereigns (including 2016 targets)
This week's funding scorecard looks at the funding progress of European sovereigns and, where possible, their targets for 2016.
View ArticleItaly’s high yield market: back to business after a tricky 2015
The last time a newly rated Italian issuer tried to issue a corporate high yield bond was in May — but take a step back and the wider picture points at a resilient, vibrant market with an investor base...
View ArticleSouth Africa battles against the elements
With foreign direct investment (FDI) commonly touching $20bn, a renewed focus on education and long overdue investment in the power sector, South Africa is clearly worth investing in. But there are...
View ArticleRarity value adds appeal to global deals
South African issuers are rarely seen in international markets, but have traditionally received a warm welcome. Will that still be the case in 2016? Lucy Fitzgeorge-Parker reports.
View ArticleFighting back against a world of worries
South Africa’s economy is under siege from a host of challenges both global and domestic — and many of them beyond the country’s control. How can a country thrive when dire unemployment is combined...
View ArticleSouth Africa keeps careful eye on capital markets access
The Republic of South Africa had a difficult end to 2015. Fitch cut the country’s credit rating one level on December 4 to BBB-, the lowest notch in investment grade, and in line with the assessment of...
View ArticleDomestic bond market keeps South Africa on top
A strong institutional investor base, high liquidity and a wide variety of instruments make South Africa’s domestic bond market one of the most sophisticated in the developing world. Lucy...
View ArticleCompanies face up to tricky markets and global pressures
Though the South African economy is struggling, its corporates are still sought-after in the international and the domestic bond and loan markets. But the risks of expanding businesses within Africa...
View ArticleSolid banks well placed to withstand economic challenges
South Africa’s well capitalised banks are profitable despite strong economic headwinds, but obstacles remain as the country’s financial institutions look for long-term and stable sources of funding....
View ArticleJo’burg: bags of potential, needs support
South Africa has strong links to the rest of the continent and a ready-made hub in Johannesburg’s business district. But is it doing enough to fulfil its potential? Chris Wright reports
View ArticleLSE working with Chinese regulators, exchanges on RMB GDRs approval
The London Stock Exchange (LSE) is working with Chinese authorities on the possibility of London-listed RMB-denominated shares, most likely in the form of global depositary receipts (GDRs), Jon...
View ArticleYiChang prices HK1.67bn listing at mid point
YiChang HEC ChangJiang Pharmaceutical Co has priced its HK$1.67bn ($215.4m) IPO in the middle of the range, driven by price sensitive investors in the final book.
View ArticleStrides Shasun seals Rp11bn from QIP
Indian pharmaceutical firm Strides Shasun Arcolabs raised Rp11bn ($165.9m) on December 18 from a qualified institutional placement that saw strong interest from foreign investors.
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