News content
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Real estate developer Country Garden Holdings is readying itself to become the first Chinese issuer to sell a sukuk, announcing on October 5 its intention to print an Islamic bond based on the shariah principle of Murabahah.
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Australia-listed gold miner Kingsgate Consolidated expects to delay the IPO of its subsidiary in Thailand due to unfavourable market conditions, even as it fends off accusations of corruption dogging its Thai unit.
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The renminbi became the fourth most used currency for payments in August, overtaking the yen with a share of 2.79% of global payments, beating the Japanese currency by a small margin of 0.03%, Swift said in an October 6 report.
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Banco ABC Brasil has become the fourth Brazilian lender and sixth Brazilian issuer to launch a tender offer for existing debt in the last month as low dollar prices make bond buybacks attractive.
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A credit event auction on Tuesday for swaps referencing the Republic of Ukraine will be the fastest that has ever been put together in the history of the derivatives contract, lawyers have said.
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With macro factors causing investors to expect the US Federal Reserve to delay rate hikes, the looming earnings announcement cycle has come into focus for volatility traders.
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Dutch trust and corporate services business Intertrust said on Monday that it would raise about €465m from its initial public offering to repay existing debt.
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Low yields may have resulted in the first SSA fatality of the year after the Province of Ontario was forced to pull a 10 year euro benchmark on Monday. But some bankers suggested the issuer was simply unlucky.
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French investment company Wendel bought a €300m no-grow trade to an uncertain, but increasingly stable corporate bond market on Monday.
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Schaeffler, the German ball bearing maker, will sell fewer than half of the new and existing shares that it had originally intended to sell in its planned Frankfurt IPO.
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The higher level of new issue premium SSAs have to pay in dollars is set to be showcased this week, after a pair of European borrowers hit screens on Monday with benchmarks in the currency.
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Plans by the European Central Bank to trial the use of reverse auctions in its public sector purchase programme have been tentatively welcomed by SSA issuers on the central bank’s buying list.