Banks
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BBVA said it had appointed Onur Genç to take over as chief executive of the group, once Carlos Torres Vila, the present CEO, becomes executive chairman. -
Shareholders have waved through The Restaurant Group’s (TRG) £559m debt and equity-funded purchase of UK Asian-themed restaurant Wagamama, despite a large portion of those voting opposing the deal.
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BNP Paribas has made an internal appointment for a sustainability research analyst in its recently launched markets research platform.
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Edenred, the French operator of employee benefit schemes, discovered on Thursday that investors still have cash to put to work in the corporate bond market, even though eight deals had been priced in the first three days of the week and the end of the year is in sight.
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Wuhan Metro Group Co’s debut green bond on Wednesday was a landmark for China’s local government financing vehicles (LGFVs), as the company pulled off a $400m perpetual transaction.
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Hong Kong conglomerate New World Development Co printed its first green bond this week, raising $310m. While its green efforts were lauded, the company’s lack of rating kept many investors at bay.
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Shanghai Junshi Biosciences kicked off pre-deal investor education for its Hong Kong listing this week, following close behind Chinese telecommunications software provider AsiaInfo Technologies.
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China-based Mobvista has launched bookbuilding for a potential HK$1.63bn ($208m) IPO in Hong Kong, following the listing success of some of its peers.
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Indian state-owned Power Finance Corp had to abandon a new change of control language to keep investors focused on its $500m 10 year bond issuance, which was printed amid talks of a possible merger.
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As the Chinese offshore bond pipeline continues to build, it is inevitable that issuers will increasingly use anchor order support to get their deals past the finish line. But the reliability of this approach was thrown into question this week, writes Addison Gong.
