© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

News content

  • South Korea’s Doosan Power Systems (DPS) bagged $300m from a hybrid bond on November 30, opting for a guarantee from Export-Import Bank of Korea. While it was a win-win for investors and the issuer, market participants are concerned about excessive use of the guarantee.
  • Chinese notebook parts maker Luxshare Precision Industry has closed its three year revolver at $250m, partially exercising a $100m greenshoe.
  • Latin American bond markets had a poor first day of trading after the Thanksgiving break, giving Mexican real estate investment trust Fibra Uno a tough ride withn its second international issue.
  • Markets have been readying for the renminbi’s inclusion in the SDR basket for months, but now that we have the detail what do the experts think? GlobalRMB wraps up the most noteworthy of the market reaction, on- and offshore.
  • BoC Aviation has wrapped up its latest borrowing at a bigger size of $500m as banks from across Asia poured into the transaction.
  • China Communications Construction Co (CCCC) is holding off the planned $1bn spin-off of its dredging unit in Hong Kong until next year amid questions about its alleged involvement in land reclamation work in disputed islands in the South China Sea.
  • The renminbi may have got the go head to join the list of currencies backing IMF’s Special Drawing Rights basket, but the change will not actually go live until October 16. Although the IMF has said the delay is merely due to operational reason, questions are being asked about whether other factors are at play.
  • The Republic of Indonesia has returned to the dollar bond market for the third time this year for an up to $4bn deal, while eHi Car Services and Golden Wheel Tiandi Holdings are attracting high yield bids.
  • Cambodia’s Union Commercial Bank has approached the loan market for a $100m three year fundraising. The borrower is majority owned by Taiwan’s E.Sun Commercial Bank.
  • The first day of December is proving to be a big one for the renminbi. Fresh on the heels of news about the currency’s inclusion in the IMF SDR basket, the renminbi is now the second most active currency for payments between Japan and China/Hong Kong, according to Swift’s latest RMB Tracker.
  • In a widely anticipated move, the IMF executive board has approved the renminbi as the fifth currency in the Special Drawing Rights (SDR) basket of currencies with a weighting of 10.92%, the IMF said in a November 30 statement. The new SDR will go into effect as of October 1, 2016.
  • Ball Corp, the US metal packaging manufacturer, wants to issue its first euro bond as part of a €1.5bn-equivalent deal to support the purchase of UK can maker Rexam.