News content
-
Standard Chartered Hong Kong sold its first Panda bond this week in a deal that was nearly twice subscribed and saw a good level of investor diversification. But while some have argued the trade should have priced tighter, Tee Choon Hong, head of Capital Markets, Greater China at the bank says the bond offer good value and the bank is looking for opportunities to re-enter.
-
China National Bluestar is in the market with its second dollar bond of the year, opening books to a perpetual non call three transaction on December 10.
-
The first products under the renminbi qualified institutional investor (RQFII) programme should launch as early as the first half of next year, according to Camille Thommes, director general of the Association of the Luxembourg fund industry (Alfi).
-
Private equity giant CVC Capital Partners will open its first Latin America office in early 2016 and has picked Jean-Marc Eltin, CEO of Brazilian bank Itaú’s investment banking business, to head its operations in the region.
-
Nasdaq Commodities this week introduced a German Wind Index Futures contract, with EDF Trading and Energi Danmark executing the first trade.
-
The equity-linked market in Europe has been quiet since Total SA’s $1.2bn deal on November 25, but on Wednesday a very different deal was executed successfully by Basilea Pharmaceutica, a small and still unprofitable Swiss drug company.
-
Xior Student Housing, the newly launched Belgian property company, has completed its IPO, raising €87.8m, with a multiple times oversubscribed book. The money will be used to buy an initial property portfolio worth €196m, through a set of acquisitions.
-
The movement of one word – 10 places to the left – in ISDA’s credit derivative definitions was the determining factor in the trade body deciding that Abengoa had not triggered a bankruptcy credit event for most of its credit default swaps.
-
Repsol, the Spanish oil producer, issued a €600m five year 2.125% bond today, in a torrid week for commodity markets, to finance a buyback of some Talisman Energy bonds.
-
Unitymedia, one of Germany’s largest cable operators, launched a €420m senior secured high yield bond today.
-
Daimler has tapped the sterling bond market for a £250m six year trade, the latest in a steady line of names from the auto sector to do so in a maturity below the market's preference.
-
UBS has replaced Fabio Lisanti, head of debt capital markets and client solutions, with one of its most senior bankers.