Banks
-
DP World, the company responsible for operating Dubai’s ports, is buying back two of its outstanding bonds, becoming the fifth EM borrower to do so in September. -
The European Bank for Reconstruction and Development was able to find good demand to increase the size of its outstanding August 2022 Sofr-linked floating rate note on Thursday, despite huge volatility in the US repo market.
-
A former director of research at CLSA has joined UBS Investment Research as a managing director, according to a note from the Swiss bank.
-
Axis Bank is looking to raise Rp100bn ($1.4bn) from a primary share sale to boost its capital adequacy ratio, according to sources close to the deal.
-
The Export-Import Bank of Korea (Kexim) turned to the Taiwanese market to raise Australian dollars, after finding a receptive audience for the currency.
-
A range of Chinese issuers, including two property developers and a local government financing vehicle, have raised funds from the dollar bond market.
-
A pair of shareholders in Chinese clothing manufacturer Shenzhou International has pocketed HK$3.23bn ($412.7m) from selling a chunk of the company’s stock.
-
The US corporate bond market shrugged off two market interventions by the Federal Reserve this week — an emergency funding injection and an arguably underwhelming rate cut — as supply picked up on Thursday with trades from Wal-Mart and Volkswagen.
-
-
Investors bid a warm welcome to a heap of new bonds from financial institutions this week, spurred on by the knowledge that the European Central Bank would soon be back as one of the biggest buyers in the market. Bill Thornhill and Tyler Davies report.
-
-
