CR Land seals biggest Panda deal of the year
China Resources Land returned to the Panda market with the biggest deal this year, raising Rmb5bn ($740.9m) from a dual-tranche bond on Monday. CR Land sealed the deal just four days after rival...
View ArticleContinuum Energy to print offshore dollar debut
Continuum Wind Energy’s subsidiary Continuum Energy Levanter is selling a senior 144A/Reg S bond on Tuesday, adding variety to a busy primary debt market.
View ArticleIndia’s free float flexibility is fraught with danger
The Indian government has given itself another year to meet free float requirements on listed state-owned firms, despite having had since 2014 to wind down its positions. The move illustrates a lax...
View ArticleCairn India's $651m loan nets commitments from five
Cairn India Holdings has signed new lenders into a $651m loan that had been in general syndication since late May.
View ArticlePaiton Energy eyes dollar bond foray
Indonesia’s Paiton Energy has mandated banks for a debut public dollar bond. It will kick off a roadshow this week.
View ArticleNelnet prices SLABS as FFELP spreads grind tighter
Student loan servicer Nelnet priced a Federal Family Education Loan Program (FFELP) securitization to new tights on Tuesday, reflecting strong demand for the bonds despite headwinds in the sector.
View ArticleSenior bonds in focus for US new issue CLOs
PGIM and Octagon have been active in the US CLO market on Monday and Tuesday this week, as new CLO formation is said to be building momentum despite the difficulty of attracting equity investors given...
View ArticleCodelco comes tight on bond return
Investors dug deep for Chilean copper giant Codelco’s first bond issue in 22 months on Tuesday as bankers at the leads claimed a negative new issue premium on the issuer’s 10 year tranche.
View ArticleStanChart adds to Asia DCM syndicate team
Standard Chartered has hired a former Barclays banker as an executive director in the Asia DCM syndicate team.
View ArticleNeepco, MSTC IPOs: third time’s the charm
India is once again hiring banks for the IPOs of North Eastern Electric Power Corp (Neepco) and MSTC, after the first two requests for proposals ended up nowhere.
View ArticleBeijing Enterprises plans HK$1.3bn open offer
Beijing Enterprises Clean Energy Group is preparing a HK$1.33bn ($170.3m) open offer to fund development projects and acquisitions of clean energy-related companies.
View ArticleSri Lanka rakes in $1bn on strong Indian demand
Sri Lanka has reached its target of $1bn from a three year syndicated loan that was launched at $450m, after demand poured in from Indian lenders.
View ArticleHungary seals Rmb1bn panda near tight end
Hungary priced its debut Panda bond just before 5pm on Wednesday, completing the second onshore renminbi bond deal by a European sovereign.
View ArticleInvestors snap up rare CDB Leasing dollar bonds
It has been a rough week for Asia’s high yield issuers. But China Development Bank Financial Leasing Co showed that investment grade names can still get plenty of demand, raising $1bn from a...
View ArticleChina's State Council pushes SOE reforms
China’s cabinet has given its central state-owned enterprises (SOEs) until the end of the year to be restructured as corporations, in line with the government’s push for market reform.
View ArticleBlackRock mortgage vehicle launches second RMBS deal
A BlackRock UK mortgage securitization vehicle, London Wall Capital Investments, mandated leads for its second RMBS deal on Tuesday, as several asset managers shift away from traditional buy-side roles...
View ArticleCFTC extends no-action relief on transaction requirements
The Commodity Futures Trading Commission has this week issued a letter extending no-action relief for non-US dealers still working to comply with transaction-level swap requirements.
View ArticleMultifamily lending to hit record volumes in 2017, says Freddie
Government sponsored enterprise Freddie Mac said it expected multifamily loan originations to hit new highs in 2017, as CMBS market sources eye a bigger portion of the multifamily pie going to agency...
View ArticleBetter ratings lure issuers to whole biz ABS market
Whole business ABS, which saw a crowded pipeline the first half of the year, is set to continue a strong run as franchises shift from corporate bonds to securitization for better ratings and a broader...
View ArticleDB appoints new Lat Am DCM head
Deutsche Bank has appointed a new head of Latin America debt capital markets after promoting from within, according to sources with knowledge of the move.
View Article