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GC Asia
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Chinese dollar bond issuers hold strong
Three Chinese issuers visited the dollar bond market on Thursday, raising $1.2bn between them.
21 Feb 2020 -
HSBC’s restructuring: is it enough though?
HSBC’s corporate finance staff have survived its restructuring largely unscathed, but the more ambitious among them will see the bank’s plans as a missed opportunity, writes David Rothnie. And with no answer yet on the identity of the next full-time CEO, the uncertainty is not over.
20 Feb 2020 -
Water companies re-enter market fray after Ofwat purgatory
UK water utility companies have begun to test public and private debt markets for the first time since regulator Ofwat’s price review, and the deadline to appeal it, passed. The regulator’s decision will have large ramifications for the companies’ profiles in capital markets, writes Silas Brown.
20 Feb 2020 -
Reverse Yankees dazzle in red hot corporate market
US bond market tourists poured into high grade euros this week, where tiny concessions and a cheap overall cost of funding saw a string of successful trades.
20 Feb 2020 -
UK's Cadent Gas to bring rare transition bond
Cadent Gas, the UK gas distribution network spun off by National Grid in 2017, will roadshow from Tuesday next week for a €500m transition bond. The deal is likely to delight green bond specialists who have championed the idea of transition bonds as a way to finance companies that are not green, but are moving towards lower carbon business models.
20 Feb 2020 -
Teréga overwhelmed with orders for slim €400m bond
Teréga, the French gas transport utility, enjoyed chunky demand for a €400m bond issue on Thursday, despite its sub-benchmark size.
20 Feb 2020 -
Vena Energy lights up market with European-bought bonds
Renewable energy company Vena Energy stumped Asian investors with its debut bond sale on Wednesday, relying instead on heavy support from Europe.
20 Feb 2020 -
Sydney Airport brings sustainable US PP
Sydney Airport has become the first borrower to issue a sustainability-linked US private placement.
19 Feb 2020 -
Relx readies up for roadshow
Relx Finance, the funding arm of UK specialist publisher Relx, has hired banks to arrange a roadshow for a triple tranche bond sale, with maturities out as far as 12 years.
19 Feb 2020 -
General Motors follows compatriots into European bonds
US tourists are flocking to Europe's high grade corporate bond market this week with Reverse Yankee deals. General Motors Financial was the latest with a six year trade on Wednesday.
19 Feb 2020
