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◆ Gulf private placements bite back ◆ Bond new issue premiums rise ◆ CLOs catch a break
Business has sagged in the third quarter, but the pipeline is busy, despite an intractable war
Private bonds are now being offered in the open market wider than where public deals trade
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Zhao Sheng Law Firm, Linklaters’ China joint operating partner, has named two new partners.
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MUFG Bank has named Colin Chen as head of ESG finance for Asia Pacific, a newly created position to support the development of the firm's green financing business in the region.
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Keymed Biosciences has started laying the groundwork for a planned Hong Kong IPO by filing its initial listing documents with the city’s exchange.
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Credit Suisse has appointed Sunil Dhupelia as its new co-head of equity capital markets for Asia Pacific, a position he will hold alongside Johnson Chui.
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In this round-up, China’s top antitrust watchdog fines Alibaba Group Holding a record Rmb18.23bn ($2.78bn) for monopolistic practices, and regulators announce measures to develop and open the financial services sector in the Hainan Free Trade Port.
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Chilean car seller Automotores Gildemeister is seeking bondholder permission for a restructuring that would see senior secured creditors receive all the company’s equity and a combination of secured and unsecured bonds. Unsecured bondholders — who will be offered a far more meagre recovery — have hired legal advisors.
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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