News content
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The vast majority of interest in Akbank’s recent loan was for its novel 367 day tranche, say bankers, with the extra margin prompting an exodus from the more familiar 364 day tenor.
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Ukraine Export-Import Bank is asking bondholders to approve a three month extension to its Eurobond due April 27 and the prospect of full repayment looks bleak.
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An impressive order book allowed Allianz to ratchet in pricing on a new dated subordinated deal on Monday by as much as 15bp on initial price thoughts.
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China Construction Bank (CCB) is looking to become the first Chinese lender to tap the offshore bond market with a bank capital deal this year, having sent out a request for proposal (RFP) for a tier two offering.
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Lloyds has added to its recent build-out of its loans team in London with a senior hire in loan sales and distribution.
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American International Group (AIG) is looking to raise as much as HK$3.93bn ($507m) by offloading some of its shares in PICC Property & Casualty, launching the block trade on the evening of March 30.
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The Privatisation Commission of Pakistan started roadshows for its divestment from Habib Bank on Monday, March 30, in an offering that starts at a base size of 250m shares with a possibility to sell as much as 609m shares depending on demand.
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HDFC Standard Life, the life insurance joint venture of India’s Housing Development Finance Corp and the UK’s Standard Life, is planning a mid-2016 IPO to raise $400m-$500m.
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Dovish comments from the People's Bank of China (PBoC) and the inverted 1s/5s slope backed paying interest in the belly of the CNY swap curve on Monday. Meanwhile, two year swaps have outperformed on the recent improvement in liquidity conditions, writes Deirdre Yeung of Total Derivatives.
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Deutsche Bank has lost its head of equity capital markets for Asia ex-Japan after Neil Kell, who first joined the firm in 2010, resigned.
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Banks are working on a bridge financing to back the $615m acquisition of a stake in Siam City Cement by Singaporean company Jardine Cycle & Carriage (JCC).
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ANZ has set itself the goal of servicing its transaction banking clients as easily in renminbi as in any other currency. And central to that effort are three new appointments it has just put in place in its transaction banking and trading units in Shanghai and Hong Kong.