• Spacs jump-start in Asia after US boom sparks overseas interest

    IPOs

    Spacs jump-start in Asia after US boom sparks overseas interest

    Thiel Capital, the investment firm of billionaire venture capitalist Peter Thiel, this week launched its second southeast Asia special purpose acquisition company (Spac) in less than four months. The deal marks a coming trend in Asia-focused ‘blank cheque companies’, say bankers. Jonathan Breen reports.

  • China ABS off to strong start, BMW scores

    Securitization

    China ABS off to strong start, BMW scores

    BMW Automotive Finance (China) Co has sold its first auto loan ABS of 2021, locking in longer-dated financing with a 14 month revolver. The deal added to a strong start for the onshore securitization market in the New Year as bond yields fell from their highs at the end of 2020, writes Addison Gong.

  • SK Hynix dollar bonds spark investor rush

    Corp

    SK Hynix dollar bonds spark investor rush

    SK Hynix was overwhelmed with investor demand for its triple-tranche dollar deal on Wednesday. It raised $2.5bn, but non-stop demand drove the bonds nearly 20bp tighter in the secondary market on Thursday.