Irdai outlines insurance investments in Reits, InvITs
India’s insurance regulator has come out with guidelines for insurers looking to invest in real estate and infrastructure investment trusts (Reits and InvITs), as the country continues its march...
View ArticleBAML loses Asia Pacific duo Becerra, Saxena
Bank of America Merrill Lynch’s head of southeast Asia FIG investment banking and a managing director in the Asia Pacific financial sponsors group have left.
View ArticleFosun rides market rally to raise bigger $800m
Fosun International benefitted from a stable post-Fed market in Asia on Thursday, enjoying investors’ full attention to price a larger-than-expected $800m deal. The bond is now the largest print from a...
View ArticleGlobalWafers ties up $350m acquisition loan from Taiwan banks
Taiwanese semiconductor company GlobalWafers Co has wrapped up a $350m dual tranche acquisition financing with a group of local lenders. The same banks have also provided $200m to refinance the debt of...
View ArticleZheshang Bank chases debut AT1 transaction
China Zheshang Bank has mandated firms for its international debut bond, a dollar-denominated additional tier one.
View ArticleRMB round-up: Stronger post-Fed renminbi fix, China to add seven FTZs,...
This week, the PBoC follows the US Federal Reserve’s rate hike by strengthening the dollar, Korea worries THAAD will imperil renminbi swap line, and China reveals plans to create seven new Free Trade...
View ArticleCredit Suisse drops six from Asia equities teams
Credit Suisse is cutting six equities jobs from its Hong Kong and Tokyo offices, according to sources familiar with the matter.
View ArticleABN takes €750m of 20 year covered funding
ABN Amro took advantage of the more positive mood that followed Dutch elections and its earnings results to tap its existing 20 year by €750m to make the transaction the largest outstanding deal in...
View ArticleSNCF Réseau to revisit green market
SNCF Réseau is set to bring its second green bond after mandating banks for a Reg S euro benchmark deal on Friday.
View ArticleCrédit Agricole announces 'aggressive' legacy tier one tender
Crédit Agricole announced a tender of up to €1.5bn of four tier one bonds, and an 'any and all' offer for two other tier ones. Analysts at BNP Paribas said the offer was below market value for one bond...
View ArticleFTSE Russell hires new derivative licences head
FTSE Russell, the global index and data company, has hired Sean Smith as managing director of derivatives licences.
View ArticleGothenburg mandates for Nordic bonds
The City of Gothenburg is to raise debt in the Swedish and Norwegian currencies.
View ArticlePanmure Gordon to hire in M&A after purchase by Diamond
Panmure Gordon confirmed on Friday morning that it had recommended a takeover by Atlas Merchant Capital and QInvest, as former Barclays CEO Bob Diamond hopes to build a ‘larger, successful boutique...
View ArticleGates Global launches €285m add-on, taps bond for $185m
Gates Global, the power transmission belts maker, held a lender call on Friday afternoon London time for a $300m-equivalent euro term loan ‘B’ add-on, having tapped its 2022 bonds on Thursday.
View ArticleProsegur Cash makes solid debut after €750m IPO, biggest this year
Shares in Prosegur Cash, the Spanish cash handling company, closed 3.75% higher in Madrid after it made its stockmarket debut on Friday, having priced its IPO at the top of its revised price range on...
View ArticleKenya launches both its loans after delays
Kenya has finally launched its $800m loan into syndication after a pause in the process, caused by another deal for the government emerging in the market.
View ArticleSpanish home builder Neinor gets oversubscribed on day one
The IPO of Neinor Iberica, the Spanish property developer owned by Lone Star Funds, is oversubscribed at its fixed price of €16.46 on the first day of its bookbuild.
View ArticleVolkswagen plans return to ‘exact pattern’ of former funding
Volkswagen is watching for the right moment to return to the public bond market with an issue in its own name, for the first time since its emissions test cheating scandal broke in September 2015.
View ArticleWhat’s the difference between a bonus and a ‘retention award’?
Deutsche Bank's latest wheeze to pay its best and brightest might look like a crafty sleight of hand typical of weaselly bankers. But having announced a pared back bonus pool just a few weeks ago, it...
View ArticleEzdan picks six for sukuk
Qatari real estate developer Ezdan Holding has picked banks to arrange its second sukuk.
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