Banks
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Investors gobbled up Adani Green Energy’s rare Indian project-linked bond on Thursday, seizing the opportunity to buy non-Chinese paper. The company’s transaction was also helped along by its new investment grade rating. -
Chinese biotechnology firm Innovent Biologics has raised HK$2.39bn ($304.3m) after selling a chunk of stock through a top-up placement.
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Standard Chartered has hired Linda Gu as an associate director in its loan syndication team, according to a source close to the situation.
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Chailease International Finance Corp has closed its third offshore loan of the year, finding demand from 17 lenders for a $300m facility.
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Five years ago, BNP Paribas’ CEEMEA business was on shaky ground. It had just been fined $8.9bn by the US Justice Department for evading sanctions on Sudan, Cuba and Iran and hit by a dollar trading ban on parts of the oil and gas business. Today, its bond origination effort in the region looks very different, but Alex Karolev, head of CEEMEA bond syndicate, and Alexis Taffin de Tilques, head of CEEMEA DCM, argue that the bank’s selectiveness has made it stronger.
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Sweden has mandated SEB as structuring adviser on its debut green bond, to be issued in 2020. The announcement on Thursday morning for the first time puts a definite date on when Sweden will issue. The process of considering the idea has already taken nearly three years.
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Metro Bank could be forced to overhaul its strategy for growth after agreeing to pay an exorbitant rate on a new senior bond this week, in desperation to meet a looming set of regulatory requirements. Tyler Davies reports.
