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As funds swell, pressure to deploy rises and managers can stray from their expertise
The era of pure-play private equity is over. Banks are pulling different divisions together to serve the complex needs of global asset managers
Specialist moves after 18 years in the market
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Hybrid capital bankers who have insisted for the last few years that the rating agencies’ criteria were now stable and settled will be eating their words today. Standard & Poor’s has stripped the equity credit from 29 corporate hybrids, though it claims this is not a criteria change.
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China Cinda Asset Management has sent out a request for proposals for a loan of around $5bn to back its bid for the acquisition of Nanyang Commercial Bank, according to sources.
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The syndication timeline for a $145m loan backing the Blackstone Group’s acquisition of some Indian assets has been pushed back.
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The European leveraged loan market has experienced a subdued October, with issuance not yet even up to August's level.
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Indonesia’s Trikomsel Oke announced this week that it won't be able to pay interest on two Singapore dollar bonds owing to financial difficulties. If it happens, it would be the first case of default in the Singapore bond market since the global financial crisis, and is expected to rock the city-state’s debt market.
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IntercontinentalExchange has agreed to buy Interactive Data Corporation, the financial market analytics provider, from its private equity owners in a deal worth $5.2bn.
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