Nedbank seals $450m loan from Asian lenders
South Africa’s Nedbank has secured a $450m syndicated loan in an oversubscribed deal on Tuesday, adding to the rising trend of emerging markets borrowers turning to Asian banks for capital.
View ArticleBBVA completes trio of Spanish AT1s with ‘all-time low’ coupon
Spain’s BBVA priced €500m of additional tier one paper with the lowest coupon of any southern European issuer this week, following its compatriots Banco de Sabadell and Santander in taking advantage of...
View ArticleNo fighting the rumours
Bankers are a gossipy bunch. Whether it is a stock tip or a juicy titbit about a rival banker, we love to wallow in all the information.
View ArticleADB issues Rp3bn Masala to fund renewable projects
The Asian Development Bank (ADB) printed its inaugural Rp3bn ($47m) green Masala bond on Wednesday, aimed at supporting the financing of climate change mitigation and adaptation projects in India, the...
View ArticleIndia awash in jumbo QIPs as stocks notch record highs
Companies in India are once again turning to qualified institutional placements (QIPs) to meet their fundraising needs, as issuers take advantage of a liquidity driven rally.
View ArticleBanks take a breather as volatility sets into secondaries
Financial institutions took a step back from the primary market on Thursday, as a resurgence in US political risk helped stunt an impressive rally and push credit spreads wider.
View ArticleMaldives primes market for international debut
The Republic of the Maldives is looking to raise $200m from its debut international bond this year. Market watchers reckon the planned deal falls in line with China’s Belt and Road initiative,...
View ArticleInvestors flock to VPBank's planned $250m IPO
Vietnam Prosperity Joint Stock Commercial Bank is drumming up interest for its planned IPO, set to be one of the largest in the country at $250m. The trade is already in hot demand, as foreign interest...
View ArticleShine comes off EM as Trump administration rocked
Just a day after EM bankers were predicting an endless summer of bond market bliss, came a US-led market wobble, which rival bankers said has caused leads to put the brakes on an expected trade from...
View ArticleLloyds hires from Nationwide for treasury
Lloyds Bank has hired a banker from Nationwide Building Society to work in its corporate treasury team.
View ArticleChina banks poised for bigger share of M&A financing pie
Chinese banks are set to take up a bigger market share when it comes to financing M&A in 2017, building on their dominant presence in the Asian loan market last year. The stage is set for more...
View ArticleJP Morgan shuffles senior IB team in Apac
JP Morgan has reshuffled its senior investment banking team in Asia Pacific, with changes spanning ECM, DCM and M&A.
View ArticleNan Hai braves market for SBLC backed $500m
Nan Hai Corp grabbed $500m on Thursday with the sale of a three non call 1.5 year bond, pushed to an investment grade rating thanks to a standby letter of credit from China Citic Bank Corp’s Shenzhen...
View ArticleSAP opens subscription for Cambodia’s fifth IPO
The subscription period has kicked off for the IPO of Sihanoukville Autonomous Port, set to be the fifth and largest listing in Cambodia.
View ArticleBright Scholar pops on NYSE trading debut
Bright Scholar Education Holdings’ decision to price its IPO above the range paid off handsomely as the stock surged over 30% on its debut on the New York Stock Exchange.
View ArticleUnited Bank eyes $154m from equity raise
United Bank of India’s board has approved a plan to raise equity worth up to Rp10bn ($154m), the lender said in a filing on Thursday.
View ArticleTaiwanese banks throw open green door
Four Taiwanese banks are selling green bonds, reopening the island nation’s market after a debut deal in 2014.
View ArticlePremier Foods pays 2017's third biggest margin for new floater
After three years away, UK producer of grocery and sweets Premier Foods returned to the bond market with a £210m fiver year non-call one floater to join 2017’s sterling issuance comeback.
View ArticleLithuania opens books as market stabilises
Lithuania has hit the screens with its dual tranche euro note as markets stabilise after Brazil’s corruption scandal added to a US led sell-off.
View ArticleBurford collars £175m retail bond in shrunken market
Burford Capital, the company that finances litigation, raised £175m with a bond issue on the London Stock Exchange’s Orderbook for Retail Bonds on Friday – one of the biggest deals since 2012.
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