News content
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Indonesian airline Garuda Indonesia has mandated 15 banks to arrange its first dollar outing, which will be in sukuk format. Roadshows will take in the Middle East, Asia and Europe.
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A flurry of upcoming Chinese IPOs have tightened liquidity, driving upward pressure on CNY swap rates. But expectations of further easing from the People's Bank of China (PBoC) have tempered the short-end bid. After recent steepening the 1s/10s NDIRS curve slope is expected to correct flatter, writes Deirdre Yeung of Total Derivatives.
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The growing presence of European sub-sovereign issuers in the capital markets has led to the creation of a new rating agency dedicated to the sector.
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Beijing State-owned Assets Management (BSAM) and ICBC's Dubai branch are venturing out into the dollar bond market for the first time.
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China’s decision to lower its deposit as well as lending rate on May 10 has prompted a recovery in the country’s capital-hungry real estate industry. And China Aoyuan Property Group is looking to take advantage of the improved sentiment to price a three year bond on May 18.
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Colombia’s finance ministry has appointed Ana Milena López Rocha as its new director of public credit and national treasury, replacing Michel Janna who stepped down in April.
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Tonon Bioenergia became the latest Brazilian sugar and ethanol company to miss a bond payment on Thursday as low sugar prices continue to devastate the sector.
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Two shareholders of Samsung Life Insurance Co raised W655.20bn ($599.31m) after pricing the shares they were selling near the bottom of the range, breaking a lull in large block trades out of South Korea since March.
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Real estate investment trust Foncière des Murs, using the private medium term note format, has made its second ever foray into the capital markets.
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Dutch fleet management company LeasePlan has this year expanded the amount of long dated private medium term notes it can issue in order to take advantage of cheap funding opportunities.
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Investors flocked to L-Bank’s inaugural Kauri bond on Friday, pushing the final size to over twice the issuer’s minimum target.
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CapitaLand has raised S$650m ($488.6m) from its first equity-linked deal since September 2013, with investors buying into the trade despite the aggressive terms on offer and amid a dearth in new supply.