Banks
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As Western companies operating in Hong Kong await the details of a warning from the US State Department about the risks of doing business in the special administrative region, analysts say the growing rift between China and the US is putting HSBC in an especially uncomfortable position. -
Bukalapak has met with a wave of demand for its Rph21.9tr ($1.5bn) IPO, set to be Indonesia's largest listing, according to a source familiar with the matter.
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NatWest Markets has hired UK rates trader James Bucknall from Deutsche Bank, where he was head of sterling trading.
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Adani Electricity Mumbai used a sustainability-linked bond to raise $300m, as the energy company transitions to more renewable power.
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JP Morgan has hired equity capital markets banker Jonathan Paul, the latest in a series of additions to its Asia Pacific ECM team.
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Bank of America has poached Subhrajit Roy from a local firm in India to take over its global capital markets business for the country.
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Five real estate companies from Greater China made their way into the dollar bond market on Thursday, appealing to investors with short tenors and juicy new issue premiums.
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Japan’s Sumitomo Mitsui Financial Group has formed an alliance with Jefferies and is providing the US investment bank with capital to pursue its ambitions in leveraged finance.
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Novo Banco found just enough demand to print its first preferred senior bond this week, setting the issuer off on a journey towards its minimum requirements for own funds and eligible liabilities (MREL) targets. Market participants drew attention to the Portuguese bank’s controversial past, including imposing unexpected losses on a group of senior bondholders.
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Four public sector borrowers received strong receptions in the primary US dollar market this week, with a lack of supply in the currency over the last few weeks overriding volatility in US Treasuries.
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