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Investors eyeing up Tottenham Hotspur’s plan to repay some of its debts by borrowing against its stadium should be wary of buying into a sport that has a long history of burning investors.
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I remember a time when dressing in casual clothes was something that horrified bankers, not excited them. Not anymore.
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Asset manager Pemberton has closed a private debt fund called Strategic Credit Opportunities Strategy (SCOS) at €1bn, with a target of 13% gross returns for its limited partners, in euros.
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The retail industry is in deep trouble, especially in the UK, where every other week it seems a storied High Street name tumbles into financial distress. Private equity sponsors, which owned many of the collapsed names, take much of the blame, but they were also victims of structural changes that battered the industry.
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Groupe PSA, the French car maker, has sold more than €500m of Schuldscheine, as a flurry of French firms find fortune in the market.
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The arrangers of Reliance Industries’ debut Schuldschein have sent investors a statement saying that though the oversubscribed order books closed on Monday, they have extended the timetable for settlement to allow some investors “additional time to firm up their orders”.
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Tottenham Hotspur, the north London football club, is considering selling US private placements to partly pay off bank loans generated by the construction of its new stadium, several market participants have said. Unlike their US equivalents in the NBA and NFL, professional clubs from the UK are a rarity in the market, as the threat of relegation makes them too perilous an investment to some investors. Silas Brown reports.
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China made big strides developing its green bond market last year, moving closer to international standards and producing a volume of issuance that placed it only behind the United States. But this year, the market has gone backwards. What has happened to Chinese green bond issuance?
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Lloyds Bank’s €1.5bn five year has achieved the highest score of any covered bond issued this year in BondMarker and UBS has, on average, worked on the highest quality deals this year.
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In this round up, the Belt and Road Summit 2019 wrapped up on Saturday with numerous deals, monthly industrial profit increased sharply in March and China reported a small capital outflow.
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In this round-up, former Bank of China chairman Chen Siqing has been moved to be chairman of Industrial and Commercial Bank of China, China’s gross domestic product (GDP) grew 6.4% and the first batch of funds keen to invest in Shanghai tech board listing have received approval to do so
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In this round-up, numerous agreements were signed on the sidelines of the second Belt and Road Summit, US-China trade negotiations will continue next week and Chinese president Xi Jinping replied to a letter to students from an America high school