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Hong Kong-based infrastructure company CK Infrastructure sold its first euro corporate bond issue on Tuesday, despite having owned a variety of utilities and infrastructure companies across Europe for more than seven years. The response was solid if not overwhelming.
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Emirates Reit, the world’s largest listed Sharia compliant real estate investment trust has drawn an order book of over $850m for its five year sukuk.
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Regulators in Hong Kong and mainland China are in no urgency to launch a primary equity link, also known as IPO Connect, senior executives at Hong Kong Exchanges and Clearing (HKEX) and the Shenzhen Stock Exchange (SZSE) have said.
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Market participants in Hong Kong have welcomed plans by regulators to introduce investor identification (ID) for northbound Stock Connect transactions, noting that the proposal strikes a balance between regulatory transparency and market efficiency.
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Friday’s sharp turnaround in US sentiment left some European corporate bond players unsure as to how their market might open on Monday. But the tone turned out to be positive and US chemicals company Celanese Corp was ready to take advantage.
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China wants to see more French banks underwriting bonds in its interbank bond market, the deputy governor of the People’s Bank of China says financial risk prevention is a key consideration for the country’s FX policy, and FTSE Russell reviews its China-related equity indices.
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The sterling bond market was stretched in new directions on Friday when the University of Oxford issued its first bond. It chose a 100 year maturity, much longer than the longest Gilt, and at Aaa is rated higher than the UK government.
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BMW Automotive Finance (China) Co made it three and done in the ABS market this week, selling a Rmb4bn ($605.4m) transaction which had a very similar structure to its last offer in the market.
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Bankers are calling for a quieter December after the dollar market smashed the all-time issuance record with more than a month to spare as borrowers front-loaded to make way for a jumbo offering from Chinese e-commerce giant Alibaba.
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An announcement on Tuesday morning that Oxford University would be meeting UK investors ahead of an ultra-long-dated transaction caused a stir across the corporate bond market this week.
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There was no sign of a post-Thanksgiving shutdown in the CEEMEA market yet as mandates continued to roll in for a variety of issuers.
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Italian state-owned railway operator Ferrovie dello Stato Italiane sold its first green bond on Thursday.