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  • Tsinghua Unigroup had the Asia bond market to itself on December 3 when it made its dollar debut ahead of the European Central Bank’s stimulus package announcement. The lack of competition, combined with Tsinghua’s credit strength, resulted in a popular $800m trade that was close to four times subscribed.
  • Asia’s debt capital market is set to end the year on a bumper note, with China Construction Bank (CCB) poised to launch a dollar-denominated additional tier one trade next week.
  • A bank meeting for lenders interested in a $130m leveraged buyout loan for LVMH’s Asian investment arm has been postponed, according to sources.
  • In this round-up, Hong Kong sees sharp drop in RMB trade settlement in October, PBoC appoints Swiss RMB clearing bank, ICBC Singapore completes first CNH bond repo, CSRC looking at London Stock Connect feasibility, Macau set to introduce RMB clearing system, StanChart joins OTC Clear in Hong Kong. Plus, a recap of our top stories this week.
  • South Korea’s t-broad has finally filed a listing application with the Korea Exchange after first mandating banks a year ago. The IPO aims to raise up to W500bn ($436m) around February 2016.
  • Argentina’s issuers are wasting no time returning to international capital markets after Mauricio Macri’s victory in the November 22 presidential elections, though Lat Am bond bankers warned that tough times remained ahead for the country.
  • Bond bankers say that Mexican government-owned oil company Pemex will have to overcome fears that European investors have over emerging market and oil related names as it looks at issuing its second sterling bond.
  • Mexican real estate investment trust Fibra Uno was forced to issue less than it was hoping for this week, in a deal that exemplified the new reality to which Latin American issuers — even the well-liked, solid credits — must become accustomed.
  • Has 2015 been a good year for M&A, or a disappointing one? It depends who you ask.
  • Credit Suisse completed its Sfr4.7bn ($4.72bn) rights issue on Thursday with a 99% take-up. Together with another four large rights issues now in the market, the financing tool is set to give ECM a much-needed end-of-year volume boost.
  • The French government sold €753.5m of shares in Safran, the French aerospace and defence group, on Monday night, in a block trade that was 1.6 times covered. But investors hoping to benefit from a favourable European Central Bank decision on Thursday were disappointed.
  • SSA
    European Central Bank president Mario Draghi clipped his dovish wings on Thursday, announcing several boosts to monetary stimulus — but falling short of predictions made by many in the market.