News content

The latest move to liberalise China's markets has improved risk appetite and backed paying interest in CNY swaps. Early steepening in the 1s/5s slope has pushed payers down the curve from five years to the three year tenor, writes Deirdre Yeung of Total Derivatives.

Matthew Westerman, head of the investment banking division (IBD) for Goldman Sachs in Asia ex-Japan, is relocating to London to become chairman of IBD in EMEA, according to an internal memo seen by GlobalCapital Asia.

Italy’s Banca Monte dei Paschi di Siena will on Monday launch a long-awaited rights issue to close a capital shortfall identified by European banking regulators last October.

Equity capital markets in Scandinavia had a busy Thursday evening, with block trades in Swedish rolled aluminium maker Gränges and Norwegian Avance Gas Holding.

Keppel Infrastructure Trust priced the placement tranche of its S$525m ($397m) fundraising near the low end of guidance on May 21, with the deal getting a more than 2x covered book amid strong institutional interest.

Hong Kong-listed Shui On Land sold a rare $225m 7.5% convertible perpetual bond on May 21 that met with eager buyers, but it also had some equity-linked bankers scratching their heads because of its unusual structure.

Goldman Sachs was set to price the first US bank floater in euros since January on Friday, sizing its deal at €1.5bn with a new issue premium that rival dealers saw as generous.

Italy’s largest insurance company, Generali, has refinanced €2bn of revolving credit facilities and significantly reduced the cost of the debt when drawn down.

Dhiren Shah, director at Credit Suisse, has moved roles to take over responsibility for emerging market and investment grade corporate bonds.

Tata Power subsidiary Khopoli Investmentshas launched into syndication a $135m two year loan with two banks.

The Republic of Indonesia completed its yearly return to the dollar sukuk market in style on May 21 when it rewrote the record books to print its largest offering in the Islamic finance instrument.

Baozun Inc’s decision to slice its IPO on Nasdaq to $110m paid off with the stock trading higher on its debut and investors signing up in droves after it relented to a lower offer price.