Wenceslao, CCCC Dredging postpone IPOs to next year
Philippine property developer DM Wenceslao and Associates, which was expected to open books for its IPO of around Ps10.73bn ($227m) this week, has pulled the plug on the transaction until next year.
View ArticleLate rally propels Asia DCM to record December
Asia’s debt capital markets show no sign of slowing down as the year end approaches, with recent deals proving that investors still have plenty of cash to deploy. Market participants expect at least...
View ArticleBoC Aviation loan makes smooth landing with $500m
BoC Aviation has increased its latest borrowing to $500m after banks from across Asia poured into the transaction.
View ArticleLVMH investment arm seeks $130m LBO loan
The Asian investment arm of French luxury firm LVMH is in the market for a $130m leveraged buyout loan. This is one of the region's few deals to test appetite for credits where the underlying target is...
View ArticleIndia sets ball rolling on IPOs of two stock exchanges
India’s securities regulator finally gave the thumbs up to the listing of its two stock exchanges this week, a project that has been in the works since the turn of the century. The move is a huge...
View ArticleMorgan Stanley makes senior EM trading hire
Morgan Stanley has made an emerging markets trading hire from Deutsche Bank, despite reports of the bank eyeing major job cuts in its fixed income business.
View ArticleHaigh bails out of Morgan Stanley EM hot seat after less than a year
Kay Haigh is leaving Morgan Stanley, having only joined the bank in February. He was managing director and global head of emerging markets within its FXEM business.
View ArticleRMB round-up: December 4, 2015
In this round-up, Hong Kong sees sharp drop in RMB trade settlement in October, PBoC appoints Swiss RMB clearing bank, ICBC Singapore completes first CNH bond repo, CSRC looking at London Stock Connect...
View ArticleCCB plans 2015 swan song with AT1
Asia’s debt capital market is set to end the year on a bumper note, with China Construction Bank (CCB) poised to launch a dollar-denominated additional tier one trade next week.
View ArticleTsinghua Unigroup fetches $800m with maiden dollar bond
Tsinghua Unigroup had the Asia bond market to itself on December 3 when it made its dollar debut ahead of the European Central Bank’s stimulus package announcement. The lack of competition, combined...
View ArticleHK IPO round-up: CEEC, CRRC, Zhengzhou, Datang
China Energy Engineering Corp’s HK$14bn ($1.81bn) Hong Kong IPO, which priced at the bottom of the range on Thursday, was comfortably covered even though retail investors failed to take up all the...
View ArticleVolkswagen plans Q1 bond market return after new €20bn backstop
Volkswagen, the scandal-hit German car company, is intending to return to the unsecured bond market in the first quarter of 2016, once it has updated its MTN programme, the company's financing chief...
View ArticleChina Nuclear Engineering struggles with debut dim sum
China Nuclear Engineering Group Corporation (CNEC) is hoping to launch what will probably be the last dim sum bond of the year. However, the borrower is struggling to get the debut off the ground, as...
View ArticleHSBC's head of European capital financing leaves for buy side
HSBC’s head of capital financing, Europe, is leaving to pursue “external opportunities” on the buy side.
View ArticleCrédit Agricole back in Swissie with Sfr200m note
Crédit Agricole braved the markets on Friday to price its third transaction in Swiss francs this year.
View ArticleZumtobel changes one of its usual suspects in refinancing
Zumtobel, the Austrian lighting manufacturer, made one change to its seven bank syndicate in a €500m loan refinancing.
View ArticleSecondary pricing update: featuring the ESM's €1bn 40 year
Spreads to Bunds tightened on Thursday following a European Central Bank meeting that disappointed market participants expecting more stimulus, leading to a sell-off of German government debt.
View ArticleECB to aid French city’s path to regular syndications
The European Central Bank’s decision to include local and regional debt in its public sector purchase programme is set to ease one sub-sovereign’s path to becoming an annual visitor to the public...
View ArticleFrench agency makes dollar debut
Agence France Locale printed its first bond denominated in dollars this week.
View ArticleFunding scorecard: supranationals (including 2016 targets)
This week's scorecard looks at the funding progress of supranationals and their targets for 2016, where available.
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