Citi
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Julius Baer became the first foreign bank to issue a Singapore dollar-denominated additional tier one (AT1) this week. By doing so, the Swiss lender has joined a growing number of banks that are satisfying their capital needs through the country’s bond market, writes Rev Hui.
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Bank of East Asia (BEA) has proposed to buy back its outstanding Basel III additional tier one notes for cash and plans to issue a new offering as part of the lender’s liability management practice.
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Wenzhou Kangning Hospital started guiding investors to the top of the range of its HK$681m ($88m) Hong Kong IPO on Thursday morning, thanks to books being oversubscribed across the price range.
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Iris World Enterprises, an affiliate of Taiwan's Foxconn Technology Group, has picked three banks for its $300m borrowing.
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Standard Chartered’s former head of debt capital markets for Hong Kong, Peter Szekely, has moved to a new position at Australia and New Zealand Bank.
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South African media group Naspers has finished amending and extending a $2.25bn five year loan and has added another $250m to the deal size, taking it to $2.5bn.
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Alpha Bank has launched on November 11 a share sale to raise €1.66bn, as part of its €2.74bn capital strengthening plan, to address capital weakness discovered in recent EU stress tests.
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Citi has formed a European cross border DCM team focused on bringing international issuers outside EMEA into European debt capital markets. The move represents a bet on the continued flow of reverse Yankee business.
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Anheuser-Busch InBev, the Belgian-Brazilian brewer, submitted a final recommended offer for SABMiller on Wednesday, having raised a record $75bn loan to support the transaction.
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International Bank of Qatar (IBQ) has mandated three banks to arrange a debut benchmark dollar Reg S senior bond. The deal will be eagerly watched as it will be only the second senior conventional ME bank deal since June.
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National Bank of Oman has set initial price thoughts on a tier one perpetual note. Commercial Bank of Dubai’s new $400m five year senior deal, meanwhile, was down in the secondary market on Wednesday, but investors said the slide was down to wider market weakness.
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Alpha Bank has launched a €1.6bn share offer, looking to build on new equity created from a debt exchange as it tries to fill a near €3bn capital hole with private funds.