Credit Suisse

Huatai Securities, the Chinese brokerage, has set a price for the sale of global depositary receipts on the London Stock Exchange, the first deal under the new London-Shanghai Connect programme.

A creditor group owning a majority of Barbados’s international bonds is set to bat away the government’s latest restructuring proposals, GlobalCapital understands.

Acin says that data its platform collects to help banks identify where they are failing to mitigate operational risks could also give them leverage when talking to regulators about capital requirements.

China National Chemical Corp (ChemChina) surprised the market with a change in strategy for its latest bond offering this week. High profile as always, the state-owned company’s four-tranche transaction was smaller in size, but tighter in price. Addison Gong reports.

ESR Cayman, which builds and leases warehouses, has pulled its float on the Hong Kong Stock Exchange, delaying the deal indefinitely.

The long-awaited London-Shanghai Stock Connect faced its first test this week as Huatai Securities went on the road with its sale of global depository receipts (GDRs) on the London Stock Exchange. More issuers could follow as mainland investors hunt for opportunities to use their offshore capital, said market participants. Jonathan Breen and Aidan Gregory report.

Lippo Malls Indonesia Retail Trust made its debut in the dollar market on Wednesday, diversifying its investor base and achieving quite a large deal size at an attractive price.

Defaulted Caribbean sovereign Barbados proposed two possible solutions to the restructuring of its external debt on Wednesday, though it stopped short of making a formal offer to creditors — perhaps in recognition of a warning from certain bondholders two weeks ago.

Temasek Holdings and its wholly-owned Azalea Asset Management this week brought out Astrea V, the latest collateralised fund obligation (CFO) backed by cash flow generated from private equity funds, finding an even better response than their last outing.

Huatai Securities has already covered the minimum target for its global depository receipts (GDRs) IPO on the London Stock Exchange, according to a source close to the deal.

Ford Motor Credit and Aéroports de Paris issued investment grade corporate bonds in Europe on Tuesday, while Spie joined them with an IG-style but high yield-rated deal.

Huatai Securities, the Chinese brokerage, has set the price range for its $1.65bn sale of global depositary receipts on the London Stock Exchange, enticing investors with a healthy discount to the Shanghai-listed A shares.