CPS pricing reflects strong demand for subprime auto bonds
Consumer Portfolio Services (CPS) achieved a new tight for the pricing of its third subprime auto ABS deal of the year, reflecting continued strong demand for the bonds despite headline risks in the...
View ArticleLegacy CMBS investors suffer heavy losses
Pre-crisis CMBS loans are in the spotlight this week, after a raft of property liquidations in three deals wiped out $410m of bonds, while Fitch reported that delinquencies jumped in June by the...
View ArticleShandong Energy, Gemdale collect bids for dollar bonds
Chinese state-owned Shandong Energy Group Co is taking orders for its inaugural international bond, while property developer Gemdale Corp is also in the market for a new debt outing.
View ArticleThe Merlion roars again
Something quite extraordinary has just been happening in Singapore. For the first time in several years, investors in the city-state have been able to punt on a local, multi-billion-dollar IPO, writes...
View ArticleSGX brings back lunch break for traders
Singapore Exchange (SGX) is bringing back the lunchtime trading break following a rejig of its equities market structure.
View ArticleSebi gives green light to Shalby, Matrimony.com IPOs
Indian IPO hopefuls Shalby Hospitals and Matrimony.com have won approval to list from the country’s market regulator.
View ArticleBFI Finance's $100m borrowing enters general
Indonesian consumer finance lender BFI Finance is seeking up to $150m from a three year syndicated loan. It has shaved the margin on the new facility by 67bp compared with its last international...
View ArticleEx-Goldman bankers’ Supermarket Reit raises £100m
Supermarket Income Reit has completed a £100m IPO on the London Stock Exchange on Wednesday, though it raised less money than it had hoped. The promoters believe they are offering access to an...
View ArticleBarclays makes PACE debut with ABS underwriting gig
Barclays is hopping on the Property Assessed Clean Energy (PACE) bandwagon, acting as an underwriter for Renovate America’s latest residential PACE deal.
View ArticleBumper Blackstone hotel deal checks into CMBS market
A $1.4bn single borrower CMBS deal hit the market on Wednesday, as the pipeline for single asset/single borrower deal bulges with floating rate borrowers keen to refinance deals ahead of further rate...
View ArticleNational Collegiate legal fiasco spells trouble for ABS
Beyond recent headlines around missing paperwork on $5bn worth of delinquent private student loans, ongoing legal tussles between several National Collegiate Student Loan Trust (NCSLT) transaction...
View ArticleOceanwide back for second dollar deal in two weeks
Oceanwide Holdings Co returned to the offshore market on Thursday with a new three year dollar offering, just a week after selling a $200m 363-day bond.
View ArticleTerms emerge for Trafigura's $1.5bn financing
Terms are out for a $1.5bn three part loan for commodities trader Trafigura, which invited banks for a roadshow earlier this week.
View ArticleWaste treatment company CJE unveils maiden deal
Waste-to-energy firm China Jinjiang Environment Holding Company (CJE) kicked off its debut dollar offering on Thursday morning.
View ArticleParkway Pantai courts investors for debut
Healthcare company Parkway Pantai opened books for its inaugural dollar bond on Thursday morning local time, collecting bids for a perpetual non call five year.
View ArticleChina Life Overseas seeks up to $250m from 10NC5
China Life Insurance (Overseas) Company is marketing a 10 non call five subordinated bond on Thursday, capping the deal size at $250m.
View ArticlePanda-monium: volatile issuance divides opinion
Panda bonds are finally coming back to life after a dire first half. But although all the conditions are in place for an issuance boom, there is reason to doubt quite how high volumes will go.
View ArticleChelsea Logistics fetches $115m from Philippine float
Chelsea Logistics Corp raised Ps5.8bn ($115.1m) from its Philippine IPO on Thursday after the shares were priced almost 30% below the upper limit.
View ArticleParkway Pantai's bonds check out for investors
Investors flocked to Parkway Pantai’s senior perpetual offering on Thursday, intrigued by a rare bond from a debut healthcare issuer despite the deal's lack of rating.
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