News content

Deutsche Bank’s announcement on Wednesday evening that it expects to report a net loss of €6.2bn in the third quarter isn’t expected to affect the bank’s additional tier one (AT1) bondholders.

Moody’s revised its outlook for the German banking system from negative to stable on Thursday, while the FIG market showed positive signs of health in the secondary market.

Duo leads Tata Chem’s sterling financing — ONGC to net $1.775bn from four — Viettel Cambodia beams $50m loan — Minsheng Leasing trims borrowing to $150m

Nomad Foods' €285m incremental cov-lite term loan illustrates how the leveraged loan market has widened, bankers have claimed.

Six Turkish banks will provide €4.5bn in Turkey’s second largest ever project finance loan, for Istanbul Atatürk Airport, although the deal will not be syndicated.

Amid fears of falling commodity prices, emerging market fund outflows and what a Chinese slowdown could do to Africa, Ghana priced a $1bn 15 year deal on Wednesday.

Taiwanese company Quanta Computer is forming the mandated lead arranger and bookrunner group for a $400m loan, four months after one of its subsidiaries sealed a much larger borrowing.

A €600m ($673m) fundraising for a unit of China National Chemical Corp has gone into general syndication, following a senior phase where just two banks came on board. The lacklustre demand has caused the leads to increase the fees on offer to help drum up more interest.

Abu Dhabi’s Union National Bank (UNB) had to scale back commitments on its recent $750m loan despite increasing it from $500m, a bank spokesperson has claimed.

The Republic of Poland printed an impressive €1.75bn six year bond on Wednesday with a skinny new issue premium, adding to the pile of successful CEEMEA bonds printed this week.

China gave a clear signal of its ambitions for the long awaited Cross-Border Interbank Payment System by launching it with a series of debut transactions by China and international banks in at least three different continents. CIPS, which was up and running on October 8, is expected to play a key role in the next stage of RMB internationalisation.

It seems one of the MTN world’s own is trying to replicate Robin Hood — not by stealing from the rich giving to the poor, but by shooting stuff with arrows.