News content
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It’s been a long time since the European investment grade corporate bond new issue market fell silent for eight days, but that has just happened, as a volatile Bund market and worries about Greece’s fraught negotiations with its creditors have made issuers and investors wary of the primary market.
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With more than 20 initial public offerings in the market in the pre-summer rush to get deals done, more and more equity capital markets bankers believe not all the transactions can succeed.
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The bulk of respondents to Ferrexpo’s exchange offer have voted in favour of the issuer’s plans, the company said this week.
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Singapore is finally getting its first covered bond, with the Lion City’s largest bank DBS set to go on the road to gauge investor interest.
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AirAsia aims to list its lossmaking Indonesian and Philippines associates in 2017, with a target to float 20% of the shares and raise at least $150m, as its shares come under heavy fire from a report questioning its accounting practices.
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The London Stock Exchange Group is seeing a proliferation of RMB-denominated products being listed and traded on its venues, with subsidiary FTSE Russell’s recent decision to include A shares in its indices likely to provide a further boost, the exchange told a forum held in Hong Kong this week.
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Singapore-based UOB has established a cross-border team focusing on its clients' RMB solutions needs, the bank said on June 17.
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Middle East mandates are keeping CEEMEA supply hopes alive in a difficult market, and even Ramadan’s arrival will not close the window for new deals.
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Emirates National Oil Co is set to finally close a $1.5bn-equivalent loan today (Wednesday), having discussed it since the start of the year.
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Dim sum regular Caterpillar Financial Services Corp priced its first offshore renminbi (CNH) bond of the year on June 16, raising Rmb1bn ($161m). The company decided to tap the market this week after being encouraged by the recent bullish secondary performance of its outstanding bond.
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Flat Glass Group, the world’s largest photovoltaic glass manufacturer by sales, is planning a third or fourth quarter IPO in Hong Kong to raise as much as $300m.
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Women’s clothing maker E-Land World has received a good response for its $200m dual tranche borrowing, which could lead the company to increase the facility's size. Bankers attributed the deal’s success to the company’s steady growth in China and attractive pricing.