New RMB fix formula signals further reforms, says HSBC
A new formula to determine the daily renminbi fix could be a prelude to more exchange rate policy reform from China, said HSBC.
View ArticleTrio prep loan for Partners’ acquisition of SPi
Private equity firm Partners Group has lined up financing from three lenders to back its acquisition of business process outsourcing company SPi Global.
View ArticleSpain in focus as CaixaBank gears up for debut AT1
Spain’s CaixaBank picked banks to arrange the sale of its first additional tier one (AT1) on Friday, the latest in a string of capital issues from the country’s financial institutions.
View ArticleOvercoming hurdles to Turkish covered bond supply
Turkish legislation has been in place for years and six borrowers have set up covered bond programmes, but so far supply has proved fleeting. Nevertheless, delegates at the CEE Covered Bond Forum in...
View ArticleSecondary pricing update: featuring JBIC's $5bn multitranche
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 ArticleKuwait National Petroleum close to signing $4bn loan
Kuwait National Petroleum Co is due to finalise documentation on its final loan facility for its 'clean fuels' project, bringing the total debt accumulated for the project to $7.2bn.
View ArticleGhana Cocoa Board gears up for roadshow in June
The Ghana Cocoa Board (Cocobod), the government institution that supervises Ghana’s cocoa industry, is set to begin the roadshow for its annual syndicated loan in June, according to a banker on the deal.
View ArticleAlfa Financial’s £254m IPO wows investors with 'unique' software
Alfa Financial Software has completed one of this year’s hit IPOs, which was priced at the top of its range. “Pretty well every respectable investor who thinks about technology, either as a generalist...
View ArticleStoxx pushes Eastern expansion
Stoxx, the operator of Deutsche Börse Group's index business, has opened a new office in Hong Kong and appointed Jay Lin as head of sales for China.
View ArticleMavi Jeans launches largest Istanbul IPO since 2013
Mavi Jeans, the Turkish maker of designer jeans, has published the prospectus for what could be the largest Istanbul IPO for four years, according to Dealogic.
View ArticleTurkey’s Ziraat Katilim bank seals $236m Islamic facility
Ziraat Bank’s Islamic arm Ziraat Katılım has signed a one year $236m Murabaha syndicated loan with 13 banks, according to a banker on the deal.
View ArticleNWB picks duplex structure for affordable housing bond debut
Nederlandse Waterschapsbank will come to market on Wednesday for its first ever affordable housing bond.
View ArticleUK sovereign fund is a good idea regardless of party politics
A plan buried in the Conservative Manifesto calling for the creation of UK sovereign wealth funds should be taken on whichever party finds itself in power next month.
View ArticleStora Enso tempts euro HY investors with rare 10 year deal
Stora Enso, the Finnish-Swedish wood, paper and packaging maker, opened a three day roadshow on Monday for a euro bond that joins the longest tenors in the high yield market this year.
View ArticleADB offers 3bp premium with rare four year dollar trade
Asian Development Bank will visit the rare four year part of the dollar curve on Wednesday, after picking banks for a minimum $1bn June 2021 global.
View ArticleCorporate market hot as ECB looms large
Corporate borrowers announced a spate of fresh bond mandates on Tuesday as the primary market continues apace, but investors have got one eye firmly on next week’s European Central Bank meeting.
View ArticleThe problem with public banking
As the UK Labour Party’s Jeremy Corbyn bounces in the polls, his party’s plans for the financial system owe much to the German model — and have similar weaknesses and strengths.
View ArticleOnline retailer Boozt heads for €350m valuation
The IPO of Boozt, the Nordic online fashion retailer, is due to be priced at Skr62, near the top of the Skr54 to Skr63 initial price range, giving it an initial market capitalisation of Skr3.44bn...
View ArticleThe green bond market needs innovation to make a difference
The market for socially responsible investments is flourishing, but only at the top. Corporate and emerging market borrowing, which the world sorely needs, is still conspicuously scarce. Financial...
View ArticleUK hints at September plans as French agency prepares sterling comeback
The UK Debt Management Office is keeping its options open on a planned syndication for September, a deal some investors feel the sovereign should use to push its conventional curve out to 2072....
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