Investors grab REC's debut, but not for green label
India’s Rural Electrification Corp found investors more interested in its government links than its bond’s green label when it debuted in the offshore market on Thursday with a $450m deal.
View ArticleHSBC gets green light for onshore China JV
HSBC has received approval from China Securities Regulatory Commission to set up a majority-owned joint venture securities company — HSBC Qianhai Securities — in the Mainland. The regulatory clearance...
View ArticleRMB round-up: CSRC considers A-share derivatives, Citi launches Chinese bond...
In this week’s round-up, the China Securities Regulatory Commission (CSRC) considers launching A-share related derivatives in Hong Kong after MSCI’s inclusion, Citi launches two onshore bond indices,...
View ArticleStrong momentum for Zur Rose IPO as price is tightened
Zur Rose Group, the Swiss-based online pharmacy, told investors this morning that the pricing for its Sfr252m (€231m) IPO was likely to come in the top quarter of the range, thanks to very strong...
View ArticleRaiffeisen eyes valuation close to book value for Polish arm
Raiffeisen Bank Polska’s IPO on the Warsaw Stock Exchange, which kicked off on Thursday to raise up to Z947.8m (€224m), is expected to be a mainly local affair, said bankers close to the deal.
View ArticleCorp bond appetite still strong, but fear of Draghi puts buyers on edge
After another busy week, the corporate bond market had no new issues to consider on Friday. However, over €12.5bn-equivalent of deals had been priced earlier in the week, 10% more than the week before.
View ArticleDanske Hypotek, Santander AG and DZ's Bank Briefe join the covered bond ranks
The relentless growth of active covered bond issuers was in evidence this week as Danske Bank’s Swedish subsidiary received regulatory approval, Santander Consumer Finance AG tested its newly rated...
View ArticleWaberer’s shrinks IPO, prices at bottom after Domino's tanks
Hungarian haulage firm Waberer’s International priced its Huf22.6bn (€73.1m) IPO today after slashing the amount of secondary shares on account of tepid demand, though the bookrunners said the outcome...
View ArticleEuro ABS tightens further as summer demand swells
European ABS spreads are grinding ever tighter across asset classes as issuers ride a wave of demand into the summer.
View ArticleIco raises €500m with social bond
Instituto de Crédito Oficial sold its third social bond on Monday, printing €500m of four year paper with what bankers on the trade said was a skinny new issue premium.
View ArticleEFSF dual tranche ‘to benefit from rates move’
A sell-off in rates over the last few trading days should support the European Financial Stability Facility’s first trade of the third quarter, said bankers. The supranational mandated banks on Monday...
View ArticleSGX signals intro for first Asian DLC
The Singapore Exchange (SGX) has announced that it will list daily leveraged certificates (DLC) from July 17, the first derivative structured products with a constant leverage factor to be offered in...
View ArticleDGCX profits from macro concerns
Investor hedging for turbulent Brexit negotiations and President Trump’s legislative agenda has aided the growth of gold and currency derviatives contracts at the Dubai Gold and Commodities Exchange...
View ArticleNMCE and ICEX agree to merge
National Multi Commodity Exchange (NMCE) and Indian Commodity Exchange (ICEX) have agreed to merge, with both parties expecting to complete the move by December.
View ArticleUS securitization volume ends first half up 40%
Issuers churned out $243bn of primary market ABS in the first half of 2017, up 40% year over year, as demand swells across securitized asset classes.
View ArticleFamily sells 2% of Derichebourg at top of range
On Monday night, the first equity block trade of the week in Europe came in the form of a sale of a 2% stake in Derichebourg, the French rubbish collection, recycling and outsourcing group that has a...
View ArticleLandis & Gyr touts Swiss precision in 100% IPO
A new Zurich IPO began investor education on Monday, of electric meter maker Landis & Gyr, based in Switzerland. “It’s big,” said a banker on the deal, which may come at about $2.25bn to $2.75bn.
View ArticleUBI rights issue all done, Unicaja trades up
UBI Banca, the Italian bank, completed its €400m rights issue on Friday June 30, when the tiny rump of 6.7m rights, not subscribed for during the subscription period, were all sold on the stockmarket...
View ArticleCov-lite refi trend lives on with Socotec loan
Investors have started to claim some recent victories on deal terms but on Tuesday, the French engineering firm Socotec brought confirmation that market conditions are still balanced in favour of...
View ArticleKommunalkredit scores solid sustainable covered success
Kommunalkredit (KA) found strong demand for its high yielding Pfandbrief. The bank’s first deal since it was sold by the Austrian state, and the first Austrian covered bond that promotes financing with...
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