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Turkish vehicle leasing group draws 1.59x demand for Borsa Istanbul float
Book attrition rates rise and coverage ratios decline
Sovereign curve has rallied since Orban left after 16 years in power, but Hungary is in a fiscal hole
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Malaysia’s RHB Banking Group has made two senior appointments at the firm.
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Latin American bond bankers said that B2/BB- rated Mexican telecoms company Total Play Comunicaciones was the ideal name to take advantage of a swell of risk appetite on Monday as the company sold its first ever international bond in a market that favoured higher yielding credits amid the sell-off in US Treasuries. But Lat Am sovereigns could be back as soon as Tuesday as bankers expect a wave of issuance from the region.
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Ascendas Real Estate Investment Trust has launched an offering of new shares, eyeing S$1.2bn ($891.6m) to fund acquisitions across the US, Europe and Asia Pacific.
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The Province of Buenos Aires extended the deadline on its restructuring proposal for the ninth time on Monday — again without modifying the terms. But with bondholders saying they are considering “all options” after hiring legal advisors last week, the provincial government says it is willing to improve its offer and called on creditors to resurrect negotiations.
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Gland Pharma, a subsidiary of Chinese conglomerate Shanghai Fosun Pharmaceutical Group, has started bookbuilding for its Indian IPO, set to be the largest pharmaceutical listing in the country.
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India’s Emcure Pharmaceuticals has returned to the loan market after four years, seeking a small amount of $34m.
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa