Credit Suisse
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HDFC Standard Life Insurance Co submitted a listing application to the Indian regulator on Friday, with as many as 10 banks managing the float, which could be worth Rp100bn ($1.5bn).
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Cairn India Holdings, which signed up new lenders for a $651m borrowing in late July, has received commitments from two more banks.
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Deregulation proposals from the US Treasury Department could be a blessing for foreign banks, which are struggling with trapped capital and costly restructurings in their US units — and falling further behind their thriving US competitors. But reform could be further away than ever, as the Trump White House staggers into self-inflicted crisis.
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Macquarie has hired Ric Deverell as chief economist and head of macro research.
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Goldman Sachs opened the Swiss market in the middle of the summer holidays on Thursday, selling the largest US financial Swiss franc bond in the last two years — a consequence, bankers said, of clever timing from a respected name.
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Chinese live streaming platform YY tapped the US market this week with a block sale of American Depositary Shares (ADS), capitalising on a surging stock price. Bankers are preparing for a raft of similar block sales — as well as a growing list of US IPOs from Chinese companies. Jonathan Breen and John Loh report.
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Indonesia’s Medco Energi Internasional has added $100m to its outstanding five non call three bonds from last week, bagging a total of $400m as Chinese investors continue to prove a receptive audience.
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Credit Suisse’s head of equity-linked origination for Asia Pacific is retiring from the industry after 17 years with the bank, sources said.
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Chinese real estate company Cifi Holdings printed its first perpetual bond on Tuesday, raising $300m. But although the company hit its target, it opted for an aggressive pricing strategy and orders plummeted from over $4bn to $1.1bn.
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Chinese live streaming platform YY has raised $402.5m after taking advantage of a surging stock price to sell a block of its American Depositary Shares (ADS).
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Cheung Kong Infrastructure Holdings hit the market on Wednesday morning local time, marketing a new subordinated perpetual non call five fixed-for-life dollar transaction.
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The spat between Qatar and its GCC neighbours has reared its ugly head in the capital markets, with the possibility of Abu Dhabi informally boycotting Qatari-owned banks on the table. But neither side is likely to really feel the pinch.