News content

Guangzhou Metro Group has raised $600m from its first foray into the international bond market, with its sector of operation and government backing attracting investors.

China’s Ministry of Finance (MoF) completed most of its Rmb14bn ($2.2bn) offshore bond auction this week, with just a Rmb2bn retail tranche for Hong Kong residents left to wrap up.

Azelis, the Antwerp-headquartered speciality chemicals distributor, has commitments due at 5pm today (Thursday) for its seven year euro term loan, having flexed the pricing on all first lien debt.

Swedbank bucked a trend of issuers turning to covered bonds for funding on Thursday when it launched a five year fixed rate senior deal.

Doosan Power Systems (DPS), wholly owned by Doosan Heavy Industries & Construction Co, has hired banks and started a roadshow ahead of a 30 year non-call three bond. The dollar outing will be guaranteed by the Export-Import Bank of Korea (Kexim).

Logan Property Holdings Co raised HK$1.55bn ($200m) from a top-up placement on November 25, pulling off a successful trade despite the huge chunk of shares on sale and investors’ lack of familiarity with the company.

The Singapore dollar bond market saw some action on November 26 with Korea Development Bank (KDB) selling a deal in the Lion City.

Hungary is planning a renminbi-denominated government bond in the hope of laying the foundation for eastern European entities to borrow from the RMB market and encourage related investment activity, its Ministry for National Economy said this week.

The International Islamic Financial Market has teamed up with the International Swaps and Derivatives Association to publish launch an Islamic cross currency swap standard.

The US Commodity Futures Trading Commission has proposed rules to increase oversight and risk controls for high speed electronic trading — particularly the use of algorithms — in a bid to limit disruptions in the futures market.

The arrest of one of the most respected figures in Latin American banking on Tuesday could be the start of a new painful chapter in Brazil’s corruption scandal, Latin American bond market participants have warned.

The People’s Bank of China (PBoC) admitted a first batch of seven foreign central banks, sovereign wealth funds (SWF) and supranational agencies to the onshore interbank foreign exchange (FX) market, according to a November 25 announcement.