News content

UK infrastructure investment firm, John Laing Infrastructure Fund (JLIF) has signed a £180m revolving credit facility with two new lenders.

Canada has printed a private medium term note in dollars for the first time in over a year.

If anyone had hoped this week would bring a gradual return to normal levels of issuance in European equity capital markets, they may be in for a surprise.

Svenska Handelsbanken is set to make its first trip to yen this year, as bankers’ hopes of seeing an early restart to FIG supply in Europe this week were hit by a global sell-off on Monday.

Banks are processing approvals for a loan of around $300m to back the purchase of Ciro’s Plaza in Shanghai.

Plunging Middle East stock markets have yanked bond spreads wider in their wake and raised doubts about the chance of a strong CEEMEA restart in September.

Kuwait International Bank (KIB) will sign a $320m three year Sharia-compliant loan on Monday. It was the Islamic bank’s first loan in eight years and was increased from $100m.

Navkar Corp has opened books on its Rp6bn ($91m) listing in India, with the transaction netting 15 anchor investors who have committed to buy shares at the top of the price range.

China Foreign-Exchange Trade System (CFETS) started posting a debut intraday USD/CNY reference rate on its website for the first time onAugust 24. The template of a table released today shows that CFETS will publish the reference rate five times a day, a move seen to be in line with China’s determination in further liberalising its FX market.

It was a tense finish for the Indian government’s Rp93.96bn ($1.42bn) sell-down of its stake in Indian Oil Corp (IOC) with books only covered just before the transaction was due to close thanks to late bids from state-owned insurers.

Investors’ reaction to the news that Italy will follow Germany in subordinating senior bondholders to corporate deposits has been made difficult to judge by a wider sell-off in FIG bonds.

Far fewer banks will be subject to European Banking Authority stress tests in 2016 than last year, though those being tested are still waiting on the exact timing of the exercise.