StanChart rights underwriters sell whole rump, Lonmin banks still long
Standard Chartered and Lonmin both begin new chapters in their stories today, with fresh capital from rights issues. In both cases the underwriting banks had to work for their fees, as the stories...
View ArticlePfandbriefbank ends the year with a Swiss franc dual trancher
Pfandbriefbank, the Swiss mortgage lender, printed a dual tranche covered bond on Friday, drawing strong demand from local insurance companies and pension funds for the longer tranche of the deal.
View ArticleWhat’s ahead for European IPO markets in 2016
Commerzbank Corporates & Markets look at what’s ahead for European IPO markets in 2015
View ArticlePfandbriefbank ends the year with a Swiss franc dual trancher
Pfandbriefbank, the Swiss mortgage lender, printed a dual tranche covered bond on Friday, drawing strong demand from local insurance companies and pension funds for the longer tranche of the deal.
View ArticleAlkem to price at the top as Concor, IOB tap ECM
Alkem Laboratories is set to price its Rp13.5bn ($202.1m) IPO at the top of the range after investors piled into the trade, buoyed by healthy demand for the Indian pharmaceutical sector.
View ArticleAllocations out for SBI's $500m loan
State Bank of India’s $500m loan has been allocated among 14 lenders, with signing scheduled for this week.
View ArticleDeutsche Bank picks new head of Apac DCM
Deutsche Bank has appointed Simon Roue to the new position of head of DCM for Asia Pacific.
View ArticleKRX loosens lock-up rules to ease IPO process
South Korea’s stock exchange regulator has amended rules for listing on the country’s main board, in an effort to make the process easier and encourage more IPOs on the bourse.
View ArticleHK ECM round-up: Linzhou, Optics Valley
Linzhou Jian Zong Construction & Engineering Co is planning to float in Hong Kong via Guotai Junan Capital as sole sponsor, having filed a listing application with the city’s bourse.
View ArticleChinese bank to lead Trina Solar take-private loan
New York Stock Exchange listed Trina Solar is the latest Chinese company to announce plans to go private, and has picked Industrial Bank as the financial adviser and arranger of the debt financing.
View ArticleSouth Korea prices first sovereign Panda bond
The South Korean government became the first sovereign credit to price a Panda bond on December 15. The country raised Rmb3bn ($467m) from the three year, which saw at least one offshore investor...
View ArticleMasala bonds need time to curry favour
The Asian debt market has been buzzing about Masala bonds for months but the maiden issue — widely expected in the first week of December — is yet to materialise. The slow development of offshore rupee...
View ArticleFCA fines Threadneedle £6m, EM trade highlighted lack of controls
Threadneedle Asset Management Limited was slapped with a fine of just over £6m by the Financial Conduct Authority (FCA) for failures spotlighted by a trade on the firm's Emerging Markets Debt desk.
View ArticleABN Amro appoints new global head of loans and corporate DCM
ABN Amro has appointed a new global head of loans and corporate DCM to replace Dan Dorner, who left the bank at the start of December.
View ArticleAlkem jumps on demand deluge to price IPO high
Alkem Laboratories has priced its Rp13.5bn ($202.1m) IPO at the top end of its range, following a burst of demand for the Indian healthcare sector in the past month.
View ArticleTata Motors allocates $600m loan among 36 banks
Tata Motors has allocated its $600m dual-tranche refinancing among a group of 36 banks. The company split the amount evenly between a five year and a seven year but the shorter tenor proved more...
View ArticleHybrids director exits Créd Ag
A director has left Crédit Agricole in the latest of a string of departures from the French bank’s hybrid capital and liability management team.
View ArticleWall of holdco coming for FIG
January could see an explosion of holdco issuance as banks look to fill their Total Loss Absorbing Capacity (TLAC) buckets.
View ArticleEM to resist a taper tantrum, bankers say
Emerging markets bankers broadly say that Wednesday's expected rate rise from the US Federal Open Market Committee won't cause a repeat of the 2013 taper tantrum.
View ArticleECM keeps a pulse despite market turmoil, Fed
The equity capital markets managed to survive the recent market chaos and concerns about a US rate rise, with late-comers completing deals early in the week.
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