Belt & Braces for Belt & Road issuers
In the latest Clawback, columnist Philippe Espinasse turns his focus to the listing of infrastructure project companies in Hong Kong, saying that IPOs of Belt and Road issuers could be a big challenge.
View ArticleRMB round-up: Fidelity’s WFOE launches first fund, only two foreign firms...
In this week’s round-up, Fidelity’s Shanghai-based wholly foreign-owned enterprise (WFOE) launches its first private fund, only two foreign investors were given qualified foreign institutional investor...
View ArticleSri Lanka wakes up investors with $1.5bn deal
The Democratic Socialist Republic of Sri Lanka wowed investors with its new 10 year outing, securing a massive $11bn order book for a $1.5bn deal.
View ArticleGRCB to kick off pre-marketing for $1bn IPO
Guangzhou Rural Commercial Bank Co will drum up interest for its $1bn Hong Kong IPO next week, said bankers on the trade.
View ArticleBOC Singapore joins Belt and Road force
Bank of China’s Singapore branch raised $600m from a three year floating rate bond on Thursday, marking the lender’s second issuance this year supporting the Chinese government’s Belt and Road initiative.
View ArticleStandard Chartered loans team loses one
A member of the loan syndications team at Standard Chartered in Hong Kong has left the bank for personal reasons.
View ArticleChina’s Huachen Energy mandates banks for debut
Huachen Energy Co is prepping investors for its inaugural appearance in the international bond market, meeting fixed income accounts next week.
View ArticleCobham hopes to turn a corner as rights issue wins 98% take-up
Cobham, the UK aerospace and marine technology company, has finished its second rights issue in 12 months, after the leads completed a small rump placement on Friday morning.
View ArticleDanske’s consent request may delay covered return
Danske Bank is restructuring its Finnish subsidiary in a move similar to Nordea’s last year and has requested investors’ consent to change terms, which will not have a rating impact, in return for a...
View ArticleBarclays set to return to covered bonds
Barclays has mandated itself for a roadshow and plans to issue its first sterling covered bond in more than two years.
View ArticleInmobiliaria Colonial raises €253m for new assets at 2.9% discount
Inmobiliaria Colonial, the Spanish property company, successfully raised €253m on Thursday night in a 10% capital increase to finance new investments, capping a busy week for block trades.
View ArticleTurkey’s Yapı Kredi secures $1.36bn, pays 60bp more like Akbank
Turkey’s bank loan refinancings are still in full swing with Yapı Kredi having signed a deal for $1.36bn and Garanti Bankası mandating 19 banks.
View ArticleNotice
On May 4, we published two articles regarding the setting up of Global Bank (The Bank for International Development and Reconstruction, BRID) and its Infrastructure Project Preparation Facility,...
View ArticleAgrokor’s Russian lenders prepare for haircut
Agrokor’s largest creditors, VTB Bank and Sberbank, have made provisions for losses on the loans they have provided to the struggling Croatian food company.
View ArticleEMMI decides not to transition to Euribor plus
After conducting ‘pre-live verification’ testing on Euribor plus, the European Money Markets Institute (EMMI) and the European Securities and Markets Authority (ESMA) have decided not to transition to...
View ArticleEurex starts factor index derivatives
Eurex, the derivatives exchange of Deutsche Börse, this week began trading futures linked to the iStoxx European equity factor indices.
View ArticleEEX to introduce CEE power futures
The European Energy Exchange (EEX) is set to offer power futures for Central and Eastern European markets in cooperation with Power Exchange Central Europe (PXE).
View ArticleCK Hutchison rolls out inaugural hybrid post restructuring
CK Hutchison Holdings is making a rapid return to the dollar market, collecting bids for a subordinated perpetual bond on Tuesday, its first hybrid outing after a 2015 restructuring.
View ArticleBanks meet over MAXpower $222m loan problems
An event of default has been declared on a $222m loan for Indonesian gas-to-power specialist MAXpower Group. The company first flagged up its financial problems over a year ago and had been speaking...
View ArticleSMFG, Bank of Taiwan seal MOU for collaboration
Sumitomo Mitsui Financial Group and Bank of Taiwan have inked a memorandum of understanding to collaborate on asset finance, and to provide support to Taiwanese companies operating in ASEAN.
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