Deutsche Bank
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Weibo Corp’s encouraging trading debut on the Nasdaq last Thursday, which saw its stock trade up by 17.9%, was a much needed boost to Chinese technology stocks that has been hurt by a recent price correction. And mobile game developer Chukong Holdings may be well placed to capitalise on the renewed optimism having filed for a $150m Nasdaq listing one day after Weibo’s debut.
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Chinese technology firm Tencent launched its first dual tranche transaction on Tuesday morning. The issue follows the establishment of a new $5bn GMTN programme by the issuer last month and is likely to raise more than $1bn sets its sights on the US investor base.
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Brazilian copper company Paranapanema’s decision to wait on a new bond issue should not impede a return of new issue activity to Latin America debt markets on Tuesday, said investors on Monday.
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Bank of China’s New York subsidiary entered into a memorandum of understanding (MoU) with Deutsche Bank on April 16 to expand the existing co-operation on clearing services.
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Iceland's Arion Banki is to test the outer limits of investors’ growing receptiveness to peripheral European credits. The bank, carved out of the failed Kaupthing, is seeking to launch the first euro bond from an Icelandic financial institution since the credit crisis, writes Graham Bippart.
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This week's bank people moves
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Liability management transactions continue to dominate Brazilian bond supply, with regulars Braskem and Votorantim raising money for buybacks on Wednesday.
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Financial issuers highlighted strong demand for floating rate paper this week, with syndicate bankers expecting issuance to pick up again after the Easter break. Issuers are proving keen to save on funding costs while investors are happy to pick up protection against the possibility of rising rates.
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Tanks are moving in Ukraine and shots being fired are no longer isolated. But to look at financial markets, you would think Russia’s president Vladimir Putin had flown to Kiev to kiss and make up.
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Investors snapped up a pair of tightly priced benchmarks from public sector issuers this week — setting up for promising issuance conditions when their funding officials return to the office after the Easter break.
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Deutsche Bank has appointed Kunardy Lie, formerly with Citi, as chief country officer for Indonesia.
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State Grid Corp of China will meet with investors next week, as it looks to make a return to the dollar market following its last deal, a $2bn triple trancher in May 2013.