News content
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Indian conglomerate Reliance Industries has opened its $1.47bn dual-currency loan into general syndication, with four participation levels available to lenders.
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It’s been talked about for a long time, but India may finally be getting its first infrastructure investment trust (InvITs) listing, with IRB Infrastructure Developers securing board approval to establish one.
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Recent volatility surrounding China’s A-share market has prompted Huishang Bank to ditch its Shanghai listing in favour of an H-share placement.
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Yuexui Real Estate Investment Trust (Reit) has sealed a $217m loan to back its acquisition of Hongjia Tower in Shanghai, with eight lenders coming on board.
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Chinese developer Soho China has announced plans to buy back its existing bonds, a month after Moody’s and Standard & Poor’s each downgraded it by one notch.
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After an explosive month in August, implied volatilities for many currency pairs remained subdued in the wake of the last Thursday's US Federal Open Market Committee decision to leave rates unchanged.
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Sellside bankers desperate to generate business in a stormy LatAm debt market will have been pleased. For as a lesson for issuers in the benefits of sacrificing a few basis points in the interests of getting a deal done, Colombia’s long 10 year on Monday was as good as they come.
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Volatile global markets and Brazil-focussed pessimism made for a torrid week in Latin American credit as most of the region’s bulging pipeline of new issues opted to stay on the sidelines amid the secondary sell-off.
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Another torrid week for Brazilian credit had investors predicting the sell-off in the country’s assets had further to run despite some names looking cheap at first glance.
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National Grid pulled off the rare trick on Thursday of issuing a convertible bond without any risk of diluting its shareholders, writes Jon Hay. The feat relies on an arbitrage that is only occasionally available, and has been accomplished just twice before in Europe in the last decade, bankers said.
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A violent reaction to German car company Volkswagen’s admission that it had used defeat device software in some of its diesel vehicles over a six year period tracing back to 2009 gripped capital markets this week.
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Municipality Finance brought a taste of bank finance to the public sector this week setting a few records along the way.