News content
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KfW hit the sterling market on Monday with a tap of a short dated line, as the issuer’s short-end spread over Gilts reached a year high.
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Apple on Monday looked set to add yet another currency to its rapidly growing portfolio after mandating for investor calls ahead of a potential Australian dollar debut.
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Al-Salām Reit has begun sounding out its MR252.36m ($64.69m) IPO in Malaysia to investors, with the company’s Shariah-compliant status expected to give it some buffer against the current macro and political uncertainties plaguing Malaysian stocks.
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Hong Kong-listed Chong Hing Bank is bringing a rights issue to investors as it seeks to bolster its capital position. The lender plans to issue one rights share for every two existing shares, which will raise HK$3.71bn ($478.64m).
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London-listed Kazakh copper producer Kaz Minerals has signed a three year loan with Caterpillar Financial Services, adding to the firm’s $3.5bn of bilateral debt.
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Investment manager BlackRock has expanded its global high yield bond range with a Europe-focused fund, which covers speculative grade but also unrated issues.
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New cross-border financing schemes are being introduced across the four Chinese free trade zones (FTZs), with the newest three, in Guangdong, Fujian and Tianjin, seeing plenty of success after just four months of operations, according to foreign banks.
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Hong Kong Airlines is likely to shelve the renminbi portion of what was to be a landmark dual-currency IPO and go with just Hong Kong dollars for the $600m listing.
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Notebook parts maker Luxshare Precision Industry is in the market for a $200m revolver, with one bank at the helm. The Shenzhen-listed borrower is paying generous all-ins for the borrowing, which comes with a $100m greenshoe.
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Greek banks’ senior unsecured bonds suffered another sharp fall on Monday after Eurogroup president Jeroen Dijsselbloem said bondholders would be bailed in to protect even uninsured depositors.
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International Container Terminal Services (ICTSI) has named three banks to lead its upcoming, benchmark sized US dollar perpetual bond.
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BNP Paribas has hired an associate for its southeast Asia loans team, GlobalCapital Asia understands.