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◆ Italian issuer pairs two sustainable formats ◆ Trade hits size targets ◆ Tight price tests investors' limits
◆ US drugs firm pays single digit NIP ◆ Friday deals growing more common ◆ Issuer moves ahead of anticipated quiet week
French company diversifies funding after inaugural dollar deal last year
Issuers rewarded with tight pricing
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The Singapore Exchange (SGX) has picked UBS as the general counterparty for its upcoming over-the-counter (OTC) electronic bond trading platform called SGX Bond Pro.
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Indian issuers have been a rarity in the bond market this year, with 15 international deals reaching investors. But market participants are predicting a busy fourth quarter, thanks to growing needs for infrastructure funding and new changes to rules governing offshore fundraising. Narae Kim reports.
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Standard Chartered has reorganised its capital markets operations, splitting its DCM and loan syndications units. Coinciding with the rejig is the departure of Aaron Russell-Davison as the head of debt capital markets, with more changes expected to take place.
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Markets have stabilised after the recent turmoil, but a lack of issuance across corporate bonds and loans this week illustrates how nervous borrowers are that further upheaval could be on its way.
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South Korean bond issuers have garnered a reputation for squeezing investors for every penny possible with aggressively-priced transactions. Investors may be critical of their tactics but the market needs to recognise the savviness of this strategy.
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Aaron Russell-Davison has left his role as Standard Chartered’s head of debt capital markets, his move coinciding with the bank reorganising its capital markets operations, according to sources close to the situation.