China Three Gorges preps dollar comeback
China Three Gorges Corp (CTG) is mulling a return to the dollar bond market and will be meeting investors to gauge demand starting Wednesday.
View ArticlePertamina invites bids for $1bn borrowing
Indonesia’s Pertamina is planning a $1bn five year borrowing that includes a greenshoe option and has sent out a request for proposals to banks, according to bankers close to the situation.
View ArticleTotal Derivatives: Yuan and liquidity steepen CNY curve
Short-end CNY swaps have been offered and the curve has been steepening as the stronger yuan and improved liquidity conditions have supported receiving interest in the 1-2 year maturities, writes...
View ArticleIFC, ADM set up loan platform for stressed firms
IFC and ADM Capital have launched a new platform that aims to syndicate lending to sound but financially stressed companies in Asia, filling a gap in lending to small and medium-sized enterprises.
View ArticleGoldman prints largest offshore RMB bond in 2016
Goldman Sachs has sold the largest offshore renminbi deal of the year raising just over Rmb1.3bn ($199m) from a Formosa bond on Tuesday.
View ArticleOpenDoor Trading hires senior capital markets strategist
OpenDoor Trading, a trading platform that aims to improve liquidity in off-the-run US treasuries and treasury inflation protected securities (TIPS), has hired an experienced capital markets strategist...
View ArticleChinese issuers: Forget the American dream
Debt capital market bankers have long preached that diversifying into the US investor base is the next stage of development for Chinese issuers. But with recent transactions failing to resonate with...
View ArticleNippon Steel to sell down Posco stake
Japan’s Nippon Steel & Sumitomo Metal Corp (NSSMC) is planning to sell more than a third of its shareholding in South Korean steelmaker Posco.
View ArticleYadea rides to the finish line with HK$1.3bn IPO
Chinese electric vehicle maker Yadea Group Holdings has raised HK$1.29bn ($166.2m) from its IPO in Hong Kong after pricing the deal at the bottom of guidance.
View ArticleDeutsche poaches Fang for China corporate banking
Deutsche Bank has hired HSBC veteran Frank Fang as head of corporate banking coverage for China.
View ArticleCCB Leasing mandates banks for Reg S bond
China Construction Bank Financial Leasing Corp has announced plans to issue its second dollar bond as early as this month, days after some of its industry peers made successful returns to the debt market.
View ArticlePNB Housing to build Rp30bn IPO next month
India's PNB Housing and Finance will seek approval for an IPO of up to Rp30bn ($448.0m) by mid-June, according to a source close to the transaction.
View ArticleCorporate bonds and high yield settle into even pace
After the extremes of recent weeks, with enormous order books and sometimes negative new issue premiums, Europe’s corporate bond market has reached a steadier cruising speed this week.
View ArticleErste AT1 icing on cake for resurgent FIG
Banks and insurers have been peppering the market with a variety of trades this week, as borrowers start to make use of benign issuance conditions before an expected shutdown in the run-up to the UK’s...
View ArticleDollar high five as World Bank sets pace for jumbo deals
Public sector borrowers are taking advantage of some of the best conditions in the dollar market all year to print jumbo sized deals at the tightest spreads to US Treasuries in months.
View ArticleMarlin launches $425m financing for acquisition
Marlin Enterprise has opened syndication for a $425m five year loan to finance its acquisition of a gold mine in North Sumatra in Indonesia, said bankers working on the trade.
View ArticleBig equity feasts scarce, but smaller snacks abound
As the year nears its half way point, equity capital markets bankers at the big banks are unlikely to be booking appointments at Bentley dealerships or Kensington estate agents.
View ArticleGCC gunning to break records, Petrobras brings beast mode bond
The Gulf region is on for a record first five months of the year with Qatar, Noor Bank, Etihad, DP World all mandating for bonds this week, while Petrobras printed an eye catching $6.75bn deal.
View ArticleEuropean corporate buyers pile into Czech Railways
Czech Railways printed its €400m seven year bond on Wednesday attracting buyers looking for a pick-up over tightly trading western European corporate debt.
View ArticleSCPG plans up to Rmb2bn Panda bond
SCPG Holdings is planning to issue up to Rmb2bn ($306m) in onshore renminbi debt as early as this month. The trade will mark the sixth Panda deal in the exchange market.
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