Banks
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Thai oil and gas company PTT Public Co sold the first 50 year bond from an Asian corporation on Thursday, raising $700m from a tightly-priced deal. -
China Bohai Bank has priced its Hong Kong listing just off the floor of the marketed range to raise HK$13.8bn ($1.78bn).
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KKR has closed two bilateral loans to support its acquisition of Vinhomes Joint Stock Co, GlobalCapital Asia understands.
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Olam International has made a quick return to the loan market, raising a ¥25bn ($233m) Samurai facility.
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Chinese private equity firm Yunfeng Capital trimmed its position in Alibaba Health Information Technology with an upsized block trade on Thursday, its second sale of the stock this year.
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Tianjin Great Wall Binyin Automotive Finance, the funding arm of domestic carmaker Great Wall Motors, sealed its first internationally rated auto securitization deal on Thursday. The Rmb3.37bn ($481m) deal attracted decent demand from foreign investors.
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US corporate bond issuers got straight back to business after the July 4 weekend as 11 borrowers raised $10.8bn, though the volume of issuance is tapering off as companies head into earnings blackouts.
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Japanese duo Mizuho and Nomura both hit the market with new issues on Monday as the primary market re-opened on a positive note following the July 4 holiday weekend.
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JP Morgan has extended its lead in European investment banking, scotching accusations of a retreat and dashing hopes of a change in the status quo, writes David Rothnie.
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BBVA has become the first bank to print a green additional tier one (AT1) deal. When it was issued this week, it proved that the demand for socially responsible investments (SRI) extends to the riskiest of asset classes, meaning other banks are certain to bring out their own versions of the trade, writes David Freitas.
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Commerzbank’s future strategy is up in the air after it was announced that its chief executive and chairman would be leaving after its “5.0” strategy received a poor welcome.
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