Asia Pacific
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Caisse des Dépôts et Consignations has returned to the Samurai market with what the issuer and leads said was the lowest ever coupon in the format.
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An expected return of Brexit volatility means that there are likely to be fewer UK firms doing IPOs in the fourth quarter of the year, but London will continue to host high profile international listings to make up the shortfall.
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ANZ names regional head — SPDB hires new loans chief — ANZ adds to syndication team — Bank of America loses loans banker — Citi appoints execution head
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It gives me great pleasure to realise how much of an impact I’ve had on my former employees.
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Chinese banks are beefing up their loans business in southeast Asia, with Bank of Communications (BoCom) becoming the latest firm to set its sights on further expansion. While Mainland lenders are more active in the region than before, there are challenges to their growth, writes Pan Yue.
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Indonesian state-owned energy company Pertamina proved to the dollar bond market that quality credits can win over investors during turbulent times, as it navigated secondary market volatility this week to rake in $1.5bn from a chunky $10bn book. Morgan Davis reports.
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Country Garden-linked Bright Scholar Education Holdings made its debut in the offshore bond market on Wednesday, raising $300m from a heavily-covered transaction.
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China Great Wall Asset Management Co priced its first dollar bonds since May 2018, attracting investors amid subdued supply from the Chinese AMC sector.
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International banks will finally be allowed to obtain a fully-fledged bond underwriting licence in China’s interbank bond market, giving a boost to their ambitions to expand in the mainland. But they will have to meet some very high standards before they can make progress. Rebecca Feng reports.
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Wanda Sports Group has cut 38% off the size of its live US IPO, having reduced the stock on offer and trimmed price guidance as it confronts investors nervous over their unfamiliarity with the company.
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Investors jumped at the chance to buy Canadian Imperial Bank of Commerce’s Australian dollar covered bond on Wednesday.
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Industrial and Commercial Bank of China tapped the sterling market through its London branch on Wednesday to become the first Chinese bank to sell a senior benchmark bond in the currency. Demand was driven by an anchor investor, with the lead managers increasing the size of deal to satisfy as many orders as possible.