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Shareholders sell down holdings in AutoStore and Orsted, as shipping company opens books ahead of Athens parallel listing
Proceeds expected to go towards growth, including expanding what the company says is Africa’s biggest refinery
Anna Repetto joins from Barclays
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Market participants and their lawyers were this week studying the US Department of Labor’s lengthy new fiduciary rules for retirement accounts, as the industry worries about a big shift in the way it can offer financial products to the country’s savers. One derivatives-related area on which officials appear to have taken advice is their previous plan to limit the ability of investors to hold listed options.
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UniCredit has named the new co-heads of its international financial sponsor solutions team, which houses its leveraged finance business for sponsors, following the promotion of David Vials to head of corporate coverage UK.
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HSBC’s group chief executive Stuart Gulliver told clients at a forum in Hong Kong on Thursday that China deserves patience as it attempts its economic transition, adding that he expects Mainland authorities to keep their word on RMB stability.
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OUE Hospitality Trust’s S$238.6m ($175.7m) rights issue has been a big success, with shareholders signing up for 1.4x the shares on offer, according to a company filing. -
Eni issued a €400m convertible bond on Wednesday that had to be reduced in size and repriced at worse terms for the issuer. The deal was an important test of whether there is still vigour in the spate of equity-neutral convertible bonds following the European Central Bank's unleashing of quantitative easing on the corporate bond market on March 10.
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The Basel Committee has made an adjustment to the way it wants leverage ratios to be calculated, in a change that will lessen the capital burden on many banks that deal in derivatives.
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