News content

In an unusual move, Malaysia’s Ranhill Holdings may shorten bookbuilding for its MR807.5m ($190.96mm) IPO to just one day, as volatile market conditions have made it impossible to find the right window.

Samsung SDI sold a W565.34bn ($457.0m) block in its sister company Samsung C&T on Thursday, taking advantage of strong demand to price the deal at the top of guidance.

In this round-up, RMB deposits in Taiwan held up in January while South Korea's fell further, Bank of China's RMB index closed 2015 on a positive note, Stock Connect sees more southbound than northbound trading, and the State Administration of Foreign Exchange added one RMB qualified foreign institutional investor (RQFII) quota this month. Plus, a recap of GlobalRMB's top stories this week.

A $400m loan for Wanda Commercial Properties Hong Kong has opened into senior syndication, with the deal coming just days after Moody’s revised the company’s outlook to negative from stable.

Chinese e-commerce giant Alibaba Group is understood to be in talks with banks for a loan of about $4bn, according to sources.

Korea Resources Corp is looking to issue a dollar bond in the second quarter of the year as it needs up to $500m for overseas investments.

China is hosting the G20 meeting this week in Shanghai and the question about the path ahead for the renminbi is front and centre. But, despite subdued volatility in the currency following the Chinese New Year holiday, the picture remains as muddled as ever.

The high yield market, desperate for some good news, was left waiting by the phone on Thursday as Solera Holdings' $2bn of notes were said to be struggling to get priced, even though they offered a 11% yield.

The US FIG market rebounded sharply this week as Mitsubishi UFJ Financial exploited a favourable market backdrop and printed the first TLAC eligible senior trade from a Japanese bank.

This week the Schuldschein market completed what could be its second largest deal ever, for Aldi subsidiary Hofer, and also launched its first two green deals — in what looks like another impressive year for the market.

Senior capital markets bankers are preparing their teams for months of speculation on Britain’s possible exit from the European Union, after the markets treated them to a glimpse of investors’ uncertainty on the issue this week.

The European bank capital market is not expected to build on its trio of 2016 transactions any time soon, as volatility in credit default swaps betrays lingering buyside fears about lenders’ stability.