China Isotope targets late September for bookbuilding
China Isotope, which filed a listing application for its Hong Kong IPO in June, is aiming to launch the transaction by late September.
View ArticleChina’s BeiGene raises $175m from follow-on
Nasdaq-listed Chinese biopharmaceutical firm BeiGene has bagged $175m from a follow-on public offering of American Depositary Shares (ADSs).
View ArticleChina Forestry plants HK$2bn loan in general
Invitations are out for a HK$2bn ($256m) three year loan for a unit of China Forestry Group Corp, with the deal helmed by two banks.
View ArticleFord China hits the road for bigger auto ABS
Ford Automotive Finance (China) is gearing up for its second auto loan ABS transaction of the year in China, with bookbuilding slated for August 22. The carmaker is hoping to take home Rmb4bn ($600.2m)...
View Article‘Fire and fury’ comments improve Pfandbriefe value
Covered bond spreads were marginally cheaper to Bunds across the board on Friday after a flight to safety caused German government bonds to rally. The move should bode well for the many issuers that...
View ArticleCorporate bond week ahead: US Market still open
British American Tobacco’s $21bn-equivalent raid on corporate bond markets either side of the Atlantic took all the headlines this week, but while it was the only story in Europe, the US market saw...
View ArticleVIX volumes explode
Volatility derivatives trading on the CBOE reached record volume this week after rising tension between the US and North Korea caused equity markets to fall from all-time highs.
View ArticleISDA slams proposals to expand BRRD moratorium powers
The International Swaps and Derivatives Association (ISDA) has urged European lawmakers not to give resolution authorities greater powers to limit cash outflows from struggling banks, weighing into a...
View ArticlePan-Baltic covered bond and securitization law in the works
The finance ministries of Lithuania, Latvia and Estonia are joining forces under the auspices of the European Commission (EC) to develop pan-Baltic covered bond and securitization legal frameworks.
View ArticleAxactor rakes in Nkr598m of fresh capital as it enters tie-up with John...
Axactor, the Nordic debt management company, has raised Nk598m ($75m) to part finance the creation of a new jointly owned investment portfolio with John Fredriksen, the Norwegian-born oil tanker and...
View ArticleStada buyout proving difficult pill to swallow
Bain Capital and Cinven’s second attempt for German pharmaceuticals manufacturer Stada could meet the same fate as their last one later this week with shareholders tendering around a third of the...
View ArticleChile’s risk score is higher than its ratings suggest
The rating agencies seem overzealous downgrading Chile, as commodity prices have rebounded from their lows and its financing problems are a temporary blip.
View ArticleTrinseo opens the hotline for refi dollar deal in Europe
Trinseo, a US manufacturer of plastics, latex binders and synthetic rubber, opened investor calls on Monday for a new unsecured bond, as it plans to repay all of its bonds due in 2022.
View ArticleSSA mart moves away from haven play, but only core comes
Public sector bond supply this week is so far thin on the ground, despite conditions calming after fears of a conflict between the US and North Korea fell. The only supply on Monday came from a German...
View ArticleWorld Bank and IFC look further afield with MTNs
A pair of supranationals have launched MTNs in two emerging market currencies, adding new flavours to the flurry of emerging market paper from supranational borrowers.
View ArticleHKEX to extend after-hours trading session
Hong Kong Exchanges and Clearing (HKEX) is pressing ahead with plans to extend after-hours trading for equity index futures contracts and will eventually extend the “T+1 session” to 3am.
View ArticleHeadwinds for UK used car prices cause for ABS concern, says BAML
Analysts at Bank of America Merrill Lynch highlighted the growing risks in the UK auto sector, given the high exposure to residual used car values in the UK auto ABS market and the regulatory pressures...
View ArticleEU self-cert ban “a solution looking for a problem” — DBRS
The European Union's ban on securitizing self-certified residential loans has been widely criticised by the market since being introduced last month, with DBRS adding to the outcry this week,...
View ArticleNorth Korea fears prompt euro CLO trading spike
The prospect of nuclear conflict between the US and North Korea led to increased trading of CLO mezzanine debt in the secondary market, but the market recovered quickly this week as fears receded.
View ArticleOxford Immunotec brings $40m share sale to raise working capital
Oxford Immunotec, the UK diagnostics company focused on developing tests for underserved immune-regulated conditions, has priced a $40m capital increase to finance its ongoing product development...
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