News content
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Mexican real estate investment trust — or REIT — Fibra Terrafina could become the first borrower from Latin America to bring much-needed bond supply in September as it turns to international markets for the first time.
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Following the recent devaluation of the renminbi, E Fund Management suffered some redemptions from its RMB qualified foreign institutional investor (RQFII) funds. Despite that, a more market-driven FX pricing mechanism is positive for further development of RQFII in the long run, says Jeffrey Qi, portfolio manager at the world’s second largest RQFII quota holder.
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Shanghai Pudong Development Bank Co (SPDB) is due to start roadshow for a proposed dollar bond this week.
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Bloomberg Tradebook Japan has launched an electronic trading platform and Tradeweb Markets’ regulated marketplace for trading interest rate swaps in Japan has hosted its first trade in support of Japan’s new mandatory trading rules.
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Symetis, a Swiss company that makes artificial heart valves, began investor education on Tuesday for an IPO of up to Sfr80m on SIX Swiss Exchange.
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Markets for VIX products suggest that many traders sold into last week's volatility spike, with mixed results.
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Rarely has confidence in equity markets been more savagely battered during August than this year. But hopes that issuance of new deals will be able to continue in the September-December season were raised on Tuesday by the launch of investor education for two IPOs.
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The share price of Paris-listed Ingenico plummeted on Friday, even as the Cac 40 index rose, after it was reported that the firm was considering a merger with UK payment processing company Worldpay.
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A eurozone agency is set to brave a dollar market that suffered volatility last week. And despite improved conditions, the issuer opted for a conservative maturity.
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The European Investment Bank has lined up a euro benchmark that SSA bankers are praying will add to a strong €5bn deal from KfW last week — but the supranational is unlikely to aim for the same size as its German peer.
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Portugal will become the first eurozone periphery sovereign to test the post-summer syndication market — but its choice of tenor has been limited by several weeks of turmoil in global markets.
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TenCate, the Dutch textiles technology group, has broken the new issue silence in leveraged loans by beginning to market a €520m term loan. But bankers say a fairly empty September pipeline, coupled with heightened market volatility, could make the market's return to work more tentative than hoped.