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◆ Have capital markets comprehended the heatwave? ◆ Which SSA issuers need to get it done this autumn ◆ Halcyon days for MTN, M&A and ECM bankers
Investors pay little heed to alarming worsening of climate
New $75m partnership to develop treatment for lymphoma was “catalyst for investors”
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Steinhoff International continued to dispose of assets this week with a R4.8bn (€293m) sale in KAP Industrial Holdings, the South African industrial company, with the company expected to shed more holding to meet its subsidiaries' funding requirements.
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Goldman Sachs this week completed a €612m delta placement of shares in Hochtief, the German construction company, to hedge itself after providing a funded collar transaction to Atlantia.
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De Nederlandsche Bank has become the first central bank to sign the Principles for Responsible Investment, as the next stage in its development of a fuller approach to sustainability, including in its investments.
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India’s Metropolis Healthcare has set the terms for its Rp12bn ($174.5m) IPO and is preparing to launch book building next week, according to a term sheet seen by GlobalCapital Asia.
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Chinese streaming platform iQiyi, which is backed by internet giant Baidu, tapped the equity-linked market this week with a record-breaking deal — the largest American Depository Shares (ADS) convertible bond — and could help boost issuance in the asset class. Jonathan Breen reports.
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Real estate developer China Vanke Co has raised HK$7.81bn ($994.3m) from a placement of new shares, its second tap of the Hong Kong market.
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