GC
Comment
GameStop short squeeze: so much for efficient markets
The GameStop short squeeze has cost institutional investors billions. I’ll feel more sympathy if they’d occasionally pay for their drinks.
12.00 PM
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IPOs
Kuaishou steals the show with bumper Hong Kong listing
Chinese video-sharing platform Kuaishou Technology is generating huge demand for its IPO, which could be worth as much as HK$42bn ($5.4bn). The deal, set to be the largest primary listing globally since 2019, shows the growing interest around short video companies. Jonathan Breen reports.
11.15 AM -
Equity-Linked
Cathay Pacific takes off with bigger HK$6.74bn CB
Cathay Pacific Airways has sold the largest convertible bond by a Hong Kong issuer in over a decade, raising HK$6.74bn ($869.4m).
11.00 AM -
Bonds
China addresses bank capital headache with new-style perps
China is allowing banks to issue perpetual bonds with an equity conversion provision, an attempt to balance the need to help smaller lenders shore up their capital with a desire to protect investors. Addison Gong reports.
10.45 AM -
Bonds
Yuexiu Transport nabs Rmb1bn from Panda
Red chip issuer Yuexiu Transport Infrastructure ditched its usual bullet bond structure in favour of a five year puttable Panda outing this week.
10.45 AM -
SSA
Investors flock to Hong Kong green bond
Hong Kong’s government returned to the green bond market with a $2.5bn triple-tranche deal this week, making the most of growing investor demand for sustainable investment opportunities. Morgan Davis reports.
10.15 AM -
Investment Grade
Tencent’s tight loan price forces banks to balance return against relationship
Tencent Holdings is testing bank appetite for a jumbo loan of $6bn as it gets ready to once again shun syndication in favour of a club deal. But the razor-thin pricing on offer is likely to pose a challenge — as will a recent crackdown on some of China’s largest technology companies. Pan Yue reports.
10.15 AM
Bonds
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China addresses bank capital headache with new-style perps
China is allowing banks to issue perpetual bonds with an equity conversion provision, an attempt to balance the need to help smaller lenders shore up their capital with a desire to protect investors. Addison Gong reports.
10.45 AM -
Yuexiu Transport nabs Rmb1bn from Panda
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Investors flock to Hong Kong green bond
Equities
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Kuaishou steals the show with bumper Hong Kong listing
Chinese video-sharing platform Kuaishou Technology is generating huge demand for its IPO, which could be worth as much as HK$42bn ($5.4bn). The deal, set to be the largest primary listing globally since 2019, shows the growing interest around short video companies. Jonathan Breen reports.
11.15 AM -
Cathay Pacific takes off with bigger HK$6.74bn CB
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China Education nets HK$2bn from top-up
Loans
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Tencent’s tight loan price forces banks to balance return against relationship
Tencent Holdings is testing bank appetite for a jumbo loan of $6bn as it gets ready to once again shun syndication in favour of a club deal. But the razor-thin pricing on offer is likely to pose a challenge — as will a recent crackdown on some of China’s largest technology companies. Pan Yue reports.
10.15 AM -
Sun Hung Kai builds HK$5bn club loan
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Fosun slices pricing on loan return
GC China
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Kuaishou steals the show with bumper Hong Kong listing
Chinese video-sharing platform Kuaishou Technology is generating huge demand for its IPO, which could be worth as much as HK$42bn ($5.4bn). The deal, set to be the largest primary listing globally since 2019, shows the growing interest around short video companies. Jonathan Breen reports.
11.15 AM -
China addresses bank capital headache with new-style perps
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Yuexiu Transport nabs Rmb1bn from Panda
Securitization
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SAIC-GMAC preps rapid auto ABS return
SAIC-GMAC Automotive Finance Co is already eyeing its second auto loan securitization deal of the year, just a couple of weeks after kickstarting China’s auto ABS market for 2021.
26 Jan 2021 -
CCB kicks off 2021 RMBS issuance with small deal
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China ABS off to strong start, BMW scores
People & Markets
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Onshore yields surge on policy, liquidity concerns
Chinese domestic bonds plummeted on Tuesday and continued their fall on Wednesday morning, amid growing concerns around recent tight liquidity conditions onshore and a potential tightening in monetary policy.
27 Jan 2021 -
BNP hires from Axis for loans team
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The week in review: China stresses debt management, corporate governance at banks, Stock Connect to include Star shares next month, Guangzhou Futures Exchange approved
The GC Asia View
The GC Asia View
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Asia’s Spac IPOs are best done away from home
26 Jan 2021 -
US banks face impossible questions on China
20 Jan 2021 -
Sustainability-linked bonds: a win on several counts
13 Jan 2021 -
Indian loans: some good news after a bad year
06 Jan 2021
Taipan
Taipan
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GameStop short squeeze: so much for efficient markets
The GameStop short squeeze has cost institutional investors billions. I’ll feel more sympathy if they’d occasionally pay for their drinks.
12.00 PM -
Leaving office: The misery of a long handover
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Bankers brave multiple risks (for a drink)
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Planes, trains and awful golf swings
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Taipan reflects on an extraordinary year
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Next year’s holiday plan: a vaccine tour
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COPPLESTONE'S CARTOON
China’s RLX draws in $1.4bn from bigger US IPO
21 Jan 2021
Special reports
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Review of the Year 2020
17 Dec 2020 -
Investing in Indonesia
17 Dec 2020 -
The LBBW Public Sector Issuers’ Roundtable
11 Dec 2020 -
The Standard Chartered high yield bond roundtable
07 Dec 2020 -
CEE Sovereign Issuance
06 Oct 2020 -
Investing in Egypt
30 Sep 2020 -
GlobalCapital Bond Awards 2020
30 Sep 2020 -
The Vistra structured finance roundtable
30 Sep 2020
