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US Treasury yields have jumped in the past week
Kevin Warsh's speech at Jackson Hole has pushed up borrowing costs for dollar issuers
◆ Three year creates another point on curve ◆ €750m was target, Leumi’s deputy CEO said ◆ Strong market reopening after summer lull gave confidence
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Chinese brokerage Shenwan Hongyuan Securities is out for a one-year bridge loan, seeking HK$3bn ($385m) for its international loan market debut.
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“What's in a name?” wrote Shakespeare. “That which we call a rose by any other name would smell as sweet.” A banker tried applying a similar philosophy last week. It wasn’t quite so poetic.
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Perpetual tenors were in favour this week as four borrowers from Greater China sealed perps in a yield-hungry environment.
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SBI Cards and Payments Services, a State Bank of India subsidiary, set the final price range for its IPO, putting proceeds of up to Rp103.5bn ($1.44bn) in reach for when it launches the deal next week.
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Artificial intelligence company Megvii Technology’s IPO prospectus expired on Tuesday. But despite delaying the deal, the firm intends to resubmit a listing application, according to a source familiar with the matter.
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Chinese travel services provider Trip.com Group is seeking a $1.2bn loan at a time when markets are reeling from the rapid spread of the coronavirus outside the mainland and companies are assessing the impact of the epidemic on their businesses. Despite difficult market conditions, the borrower has received plenty of interest for the deal. Pan Yue reports.
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CAF gearing up to transform regional development
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