HSBC
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HSBC has hired a banker from Citi to replace Charlie Morin, who left his job as head of FIG DCM for France and Belgium last month.
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The Malaysian ECM market is gearing up for some fresh activity after a near two-month dry spell, as Sunway Construction Group throws open books for an IPO worth as much as MR550m ($147m) that comes supported by a 10-strong cornerstone group. -
China Life Insurance Company braved the volatile global market on June 25 to sell the country’s first core tier two subordinated insurance bond. China’s largest underwriter set a benchmark for insurance capital under the country’s new regulations, and more are expected to come.
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CJ CheilJedang Corporation has picked three banks ahead of its upcoming offshore bond, which is likely to be in hybrid format.
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Korea Gas Corp (KoGas) mandated six banks as the company gears up for a benchmark sized return to the dollar bond market next month.
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Colombian state oil company Ecopetrol on Tuesday notched up a deal that bankers saw as going as well as could be expected given a less than vibrant market and that it was the borrower’s first issue since oil prices began to fall.
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A scheme to accelerate bond new issues in Europe should be coming to market in 2015. For the first time, investors will be able to submit orders directly into the system investment banks use to coordinate new issues.
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Financial institutions will be forced to pay sky high premiums to print tier two before the summer, as they balance regulatory demands for more loss absorbing capital against an unfriendly primary market, writes Tom Porter.
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Sunrise Medical, a German wheelchair maker, is holding a bank meeting on Friday to market a €315m acquisition loan. Like many leveraged finance borrowers this year, it has pre-placed the second lien.
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Amid the torrent of market moving signals from Greece this week came four FIG deals, all of which were the successful results of drive-by dealmaking.
