UBS Hong Kong loses senior IB trio
Three Hong Kong-based managing directors at UBS, Wang Cheng, Ding Xiaowen and Frank Sun, have left the firm, according to sources familiar with the matter.
View ArticleNHAI serves up new Masala bond to investors
National Highways Authority of India served up its debut Masala deal on Thursday morning, offering investors a second offshore rupee option in under a month.
View ArticleUnifin shows Mexico’s open with tight seven year
Mexican financing and leasing company Unifin Financiera raised $450m of seven year bonds on Wednesday as bankers’ hailed the company’s improving reputation in the market.
View ArticleCapex leads day of LatAm blow-outs
Argentine energy company Capex and Mexican financial Unifin showed that conditions were as strong as ever in Latin American bond market as both high yield names notches blow-out new issues.
View ArticleHSBC levfin banker jumps ship to BAML
A Hong Kong-based banker in the Asia Pacific leveraged finance team of HSBC has resigned, and is understood to be heading to Bank of America Merrill Lynch, according to sources.
View ArticleInvestors mull over Finansbank's QNB ownership
Turkey’s QNB Finansbank has released initial price thoughts for a five year dollar trade, as investors grappled with how to price in Aa3-rated Qatar National Bank's ownership of the Turkish borrower.
View ArticleBanking and good karma
It is not uncommon to see bank bosses show their nasty side if their subordinates suddenly decide to leave.
View ArticleRMB round-up: China opens door to foreign rating agencies, OBOR summit kicks...
In this round-up, China will allow foreign credit rating agencies to operate in the country following an agreement with the US, the Belt and Road Forum for International Cooperation begins on May 14,...
View ArticleGuan tipped for top north Asia M&A role at Deutsche
Veteran banker Michael Guan is understood to be relocating to Hong Kong from London to join Deutsche Bank’s Asia M&A team in a senior position.
View ArticleCS poaches from Nomura for China healthcare
The head of Greater China healthcare in the investment banking division of Nomura has left the firm for Credit Suisse, said sources.
View ArticleRGI continues to fall amid currency worries
Standard Chartered’s Renminbi Globalisation Index (RGI) fell by 0.9% to 1,770 in March. The bank attributed the fall to weak corporate confidence in renminbi’s recent stability and worries over China’s...
View ArticleBond choice to determine Connect success, says Barings
Details of the Bond Connect are set to be revealed soon, but Sean Chang, head of Asian debt management at Baring Asset Management, told GlobalRMB that access to a desirable supply of onshore bonds will...
View ArticleChanges at the top for BAML Apac M&A team
Bank of America Merrill Lynch’s head of Asia Pacific M&A Stephen Gore is leaving the firm, according to sources.
View ArticleAsia IG fixed-for-life reopens with CKP $1.5bn trade
Cheung Kong Property Holdings (CKP) wrapped up Asia’s largest fixed-for-life perpetual on Thursday with a 4.6x covered $1.5bn bond. The group’s credentials and the rarity value of high grade corporate...
View ArticleNHAI whips up Rp30bn from debut Masala
National Highways Authority of India grabbed a Rp30bn ($465.88m) five year Masala bond on Thursday, despite the offshore rupee market not getting the enthusiasm that issuers want.
View ArticleHudco seals 80x subscribed Rp12bn IPO
Indian state-owned Housing and Urban Development Corp has wrapped up a Rp12bn ($186.6m) IPO nearly 80x covered, following a deluge of investor demand on the final day of bookbuilding.
View ArticleKotak snaps up $902m from 2nd largest India QIP
Kotak Mahindra Bank closed a bumper equity raise on Friday that fetched Rp58bn ($902m), in what bankers hailed as another flagship Indian qualified institutional placement.
View ArticleCovered activity likely to remain brisk
The primary covered bond market is expected to be active next week with four or five deals potenitially surfacing, in addition to the five being actively marketed. But non-eurozone bonds are being...
View Articleİş Bank to round up Turkish refi season on Monday
Turkey’s largest private sector bank, Türkiye İş Bankası, is due to sign a syndicated loan on Monday, which rounds up the last of Turkey’s larger financial institutions’ refinancings this spring,...
View ArticleFRNs set for duration boost as Soc Gen hits seven years
Société Générale sold €1bn of seven year non-preferred senior floating rate notes on Friday, in a trade that could spark a trend for longer dated FRN issuance.
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