News content

Hong Kong Telecommunications (HKT) is making its first syndicated bond foray in two years after opening books to a 10 year trade on Monday.

Paraguay will again return to the international bond markets to finance its infrastructure programme after two successful bond issues since 2013.

Ecuador is considering returning to bond markets to raise at least another $250m after its last attempt earlier in March did not reach the intended size.

Swiss company Holcim has shed its entire stake in Siam City Cement to net Bt22.15bn ($679m), via a bookbuilding process that went on from the evening of March 26 (Thursday) until the weekend as key investors took their time placing their orders. In the end though 90% of the shares went to Jardine Cycle & Carriage, which was eager to get its hands on the Thai stock.

Offshore markets other than Hong Kong increased their proportion of overall RMB payments from 17% to 25% in the last two years, according to the latest RMB Tracker published by the Society for Worldwide Interbank Financial Telecommunication (Swift).

The sukuk market may not have long to wait for a follow-up to Emirates Airlines’ unique export credit agency (ECA) backed sukuk, which brought the issuer diversification, demand and pricing that it had never before experienced, according to bankers on the deal.

Islamic lender Bank of London and The Middle East (BLME) has announced that Humphrey Percy will stand down as chief executive.

Hong Kong has picked banks for the follow up to its record setting debut sukuk.

Uruguay’s new government has appointed former IMF economist Herman Kamil as director of its Debt Management Unit (DMU), according to an email from the unit.

Firms with trade reporting obligations can save resources allocated to complying with reporting requirements by outsourcing their requirements to a third party provider. This can reduce initial system building costs, as well as provide better adaptive abilities in the future, according to Sapient Global Markets.

Corporate bond indigestion, overstuffed dealer inventories, a Greek showdown and new rules on bank bail-inable bonds created a perfect storm of volatility that caught some traders offside after a busy iTraxx index roll.

Swaps market participants face new challenges with delegated reporting liabilities as trade reporting requirements have evolved globally, according to research from Sapient Global Markets.