Senior levfin banker departs Deutsche Bank
A senior banker from Deutsche Bank’s Asia leveraged finance team has left the firm, according to sources.
View ArticleManulife AM: How to invest in a weakening RMB
Confidence in holding RMB assets may have hit rock bottom with no new incentives from regulators to boost the market, but Geoff Lewis, senior strategist at Manulife Asset Management, believes there are...
View ArticleVodafone breaks CB mould with £2.9bn hedged mando
Vodafone is today issuing an unprecedented £2.88bn mandatory convertible bond, with many innovative features, that combines aspects of two recent trends in the market: the equity-neutral CB and the...
View ArticleIndonesia in line for chunky Cikarang listing
Indonesia-based power producer Cikarang Listrindo is planning to launch the country's largest IPO for almost a year.
View ArticleWhen talking big can backfire
Award ceremonies are a time to drink, catch up with old friends and brag about the success of your business and your team. And for old retirees like me, it appears to be the time to put your foot into...
View ArticleHCL Tech eyes $1bn from rare Indian US IPO
HCL Technologies is preparing to launch a $1bn float in the US, which would make it the first Indian company to list there in more than two years.
View ArticleVodafone breaks CB mould but £2.9bn is tough sale
The extraordinary versatility of convertible bonds — but also the market’s unpredictability — were highlighted on Thursday when Vodafone launched an unprecedented £2.88bn bond designed to achieve the...
View ArticleUBS loses senior DCM syndicate member
A senior syndicate member of UBS's Asia debt capital markets team has left the firm.
View ArticleSAIC-GMAC prices landmark revolving China auto ABS
China’s first revolving auto ABS successfully priced this week with SAIC-GMAC Automotive Finance bagging Rmb3bn ($456m) from the landmark Rongteng 2016-1 Retail Auto Mortgage Loan Securitization.
View ArticleOutside, but increasing chance of free floating RMB: Nikko AM
The question of where next for the renminbi continues to be the subject of fevered speculation and speculators as China spends billions to support the currency. The most likely scenario is that China...
View ArticleTerms emerge for Baring’s Interplex acquisition loan
Five banks have opened into senior syndication a $455.75m facility that will back Baring Private Equity Asia’s proposed acquisition of Singapore-based Interplex Holdings.
View ArticleRMB round-up: February 19, 2016
In this round-up, PBoC sets a volatile fix for USD/CNY suggesting it has changed its methodology again, JP Morgan AM gets approval for a new MRF product, BlackRock boosts holdings in Chinese ADRs by...
View ArticleUnited Asia Finance hits market for HK$600m loan
United Asia Finance has launched a HK$600m ($77m) four year fundraising into syndication. The Sun Hung Kai-backed company is offering a high all-in compared to the sub-100bp being paid by other Hong...
View ArticleYangtze River Development eyes US IPO
Yangtze River Development is looking to raise as much as $57.5m for a project in Wuhan, China, by listing on the New York Stock Exchange, according to a filing with the US regulator.
View ArticleSwissies welcome first insurance capital of 2016
Zurich Insurance sold a Sfr200m hybrid bond on Thursday, benefiting from the relative resilience of its home market as Swiss franc investors got their first taste of insurance capital this year.
View ArticleDNB fills its boots after four year absence
DNB Bank priced its first public euro senior unsecured bond for more than four years on Friday, and became the latest bank to take as much as possible from its order book as conditions remain uncertain.
View ArticleSecondary pricing update: featuring EIB's $4bn May 2019
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 ArticleVodafone readies path for up to €3bn of bonds
Vodafone wasted no time catching its breath after closing books on Thursday's £2.9bn convertible bond, as it announced on Friday its intention to raise up to €3bn of conventional bonds as early as Monday.
View ArticleNew Abengoa plan too vague, says Moody’s
Rating agency Moody’s on Friday added its voice to those of analysts and investors in London and Madrid asking for details on Abengoa’s debt reduction.
View ArticleFunding scorecard: European sovereigns
Read on to discover how far advanced selected European sovereigns are in their funding programmes after the first month and a half of the year.
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