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Avic Capital relies on lead manager support for $400m bond
More borrowers navigated Covid-19 related pressure and rising US-China tensions to raise funds from the dollar bond market on Thursday.
29 May 2020 -
Tencent jumps on ‘golden window’ for $6bn bond
Chinese tech giant Tencent Holdings raised $6bn from a four-tranche transaction on Wednesday. The deal, which attracted some $36bn of orders at its peak, proved that global investors are not being scared away from Chinese credits, despite the geopolitical risks clouding the country. Morgan Davis reports.
28 May 2020 -
Nomura looks to sustainable investment banking future
Nomura is eyeing acquisitions and a change in chief executive promises a reboot of its investment banking ambitions, writes David Rothnie.
28 May 2020 -
Fantasia keeps China property momentum going
Fantasia Holdings Group Co nabbed $300m from a bond sale on Wednesday, making it the latest high yield Chinese property borrower to dip into the offshore market.
28 May 2020 -
Chinese SOEs seal new dollar bonds
Shandong Hi-Speed Group Co and Taiyuan State-owned Investment Group were among the bond issuers on a relatively busy day for the primary dollar market on Wednesday.
28 May 2020 -
Crisis Talk — Carson Block, CIO of Muddy Waters: ‘If capitalism breaks, it’s capitalists who broke it’
Muddy Waters has fostered a fearsome reputation as a credible, thorough and forceful short seller whose explosive reports are a danger to anyone harbouring a stake in its intended target. Carson Block, its founder and chief investment officer, told GlobalCapital he has never been wrong about a company he’s shorted, though that doesn’t mean he’s made money from every position he has held. According to Block, monetary policies intended to stimulate markets through financial crises actually corrode them, and stifle accountability for serious failures in corporate governance.
27 May 2020 -
Ping An builds $600m bond trade
China Ping An Insurance raised $600m in the bond market on Tuesday, after finding strong support from Asian investors during calls on Monday.
27 May 2020 -
Hysan takes $400m amid tensions in Hong Kong
Hong Kong property company Hysan Development Co returned to the bond market on Tuesday, raising $400m in spite of the political turbulence that has rocked the special administrative region.
27 May 2020 -
Investors seek value in Asia’s bond market
Asia’s investors see plenty of value in the region’s dollar bonds amid the ongoing volatility, but warn that default concerns are rising.
26 May 2020 -
Hong Kong security law: as if we needed more bad news
China’s move to enact a controversial security law in Hong Kong is clearly bad news for the special administrative region. But it will also hurt mainland China.
26 May 2020
