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China’s monetary policy choices and economic reforms are increasingly front and centre for global decision makers, according to panellists speaking at the Credit Suisse Asian Investment Conference (AIC), which opened in Hong Kong on April 5.
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Telekom Slovenia, a firm downgraded four times in the last five years, has secured a €300m loan to refinance a bond, the move will strengthen its Ba2 rating according to Moody’s.
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Standard & Poor’s has downgraded Mozambique’s foreign currency rating after what it considers to be a distressed debt exchange of state-run tuna company Ematum’s 2020 notes.
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MTN Côte d’Ivoire is raising a $225m-equivalent loan in West African francs while parent company MTN Group, the South Africa-based mobile telecommunications firm, continues negotiations with the Nigerian government over a $5.1bn fine.
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Credit Suisse has sold its first benchmark euro senior unsecured bonds of the year, returning with a pure operating company version of a dual tranche deal it was forced to cut in half in June last year.
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Georgian Oil & Gas Corporation (GOGC) is preparing ground to issue the first Eurobond from Georgia since 2013 and is simultaneously offering to buy back for cash its existing July 2017s.
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In this round-up, MSCI announced that its review of A-shares is underway, eight new institutional investors received RQFII licenses in 2016, Hong Kong saw further falls in RMB deposits and cross-border RMB trade settlement, and Bank of China saw two RMB internationalisation indices drop recently. Plus, a recap of our top stories this week.
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Thai company PTTEP Offshore Investment has signed up four lenders for a $500m club loan.
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UBS has joined a growing list of European banks ramping up their senior holding company level issuance in 2016, printing a large three tranche deal in dollars as demand for the product surges.
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ChemChina gave 11 banks allocations in the $20bn tranche of its Syngenta acquisition loan on Thursday, bringing the total number of banks in the syndicate to 16.
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The vitality of the covered bond market was in no doubt over the first quarter of 2016 as volumes reached their highest level in five years.
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Bankers were predicting a return of senior Turkish financial supply after Isbank achieved nearly four times oversubscription for its market reopener on Wednesday.