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Zhongrong International Trust is set to start is non deal roadshow next week with a series of investor meetings in Asia and Europe, a banker close to the deal told GlobalRMB.
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The sudden bankruptcy of OW Bunker, the world’s largest shipping fuel supplier and Denmark’s third largest company by sales, in November last year shocked the equity capital markets.
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Emirates Airlines took the export credit agency (ECA) sukuk guarantee for a successful test flight this week, delighting bankers hoping to make the product a regular occurrence.
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Arab Investment Bank (AIB), a Cairo-based lender, has signed an agreement with the Islamic Development of the Private Sector (ICD) to set up a a Sharia-compliant leasing company in Egypt.
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Afaq Khan, the chief executive of Standard Chartered Saadiq, is leaving the bank, according to a spokesperson at Standard Chartered.
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Latin American DCM bankers are hopeful that depressed corporate bond volumes will pick up after Easter.
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Bankers covering Latin America praised Colombia’s quick reaction pouncing on a rally in US Treasuries to issue a $1bn 30 year bond on Monday.
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What syndicate bankers are describing as the “Brazil premium” means that even Brazilian borrowers unaffected directly by the scandal at state-owned energy company Petrobas remain absent from international debt capital markets.
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Russian sovereign Eurobonds have rallied a lot since the end of January, dragging along many corporates with them. A number of factors are contributing to the apparent optimism, but analysts are debating how long the rally can last.
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National Bank of Egypt has sent out a request for proposals for a Eurobond, according to bankers.
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Asset managers and the funds that they manage do not present systemic risk according to a letter to the Financial Stability Oversight Council from two trade associations, and as a result, should be independently reviewed by the Securities and Exchange Commission.
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With the Easter holidays a week away, many people may be heading home to see family, taking the kids away for a weekend, or preparing to enjoy a four day weekend some other way.