News content
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Turk Eximbank wants to wrap up €350m of loans in the next week, having set terms for the deal, which comprises one and two year tranches. -
Legal & General Investment Management has raided JP Morgan Asset Management to fill its newly created position of head of research.
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Chinese wealth management firm Jupai Holdings opened books for its $70.44m IPO on the New York Stock Exchange on July 7, as the sell-off in China’s domestic stock market intensifies. China Renaissance and Credit Suisse are leading the trade.
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KfW is enjoying a thumping response from the bond market in what is the first test of depth in dollars since talks between Greece and its creditors broke down at the end of June.
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Peruvian development bank Corporación Financiera de Desarrollo (Cofide) attracted more than $2bn of orders for an $800m dual tranche bond offering on Tuesday, jumping into a short lived window of market calm.
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Russian firm Industrial Metallurgical Holding (IMH) exchanged $150.8m of its June 2016 notes into a new 2018 deal this week, but not enough to allow it to bring fresh investors into the new note.
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Four banks have launched a $240m dividend recapitalisation loan for Asia Satellite Telecommunications (AsiaSat) sponsor Carlyle. These banks entered a facility agreement with AsiaSat on June 24 and opened the deal to retail participation on June 29.
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Peru’s Corporación Financiera de Desarrollo (Cofide) proved Latin America’s resilience amid widespread volatility with an $800m two part deal this week. In CEEMEA, Poland added its name to the pipeline of mandates hoping for a window.
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Last week proved that companies could issue bonds in Europe if they wanted to — Danaher even raised €2.7bn. But this week shows that most of them don’t want to.
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It is now two weeks since a financial institution sold a benchmark transaction in euros, but Westpac has shown it may be time for issuers to consider alternatives.
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It doesn’t matter how long you’ve worked in financial markets – they still regularly surprise you.
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Hanjin Transportation is looking to offload all of its stake in Korean Air Lines via a W240.4bn ($212m) block on July 8, launching the trade to investors after the country’s stock markets closed.
