Nomura
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Paul Fulcher, who previously worked in asset-liability management (ALM) structuring and insurance solutions at Nomura, has joined Milliman. -
Asian Development Bank was aggressive with the pricing of its inaugural Sonia-linked floater on Tuesday by offering no new issue premium, according to SSA bankers. Nevertheless, the supranational was able to attract more than ample interest, allowing it to increase the size of the deal.
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World Bank blew the doors off its first bond referenced to the Sonia benchmark on Thursday, setting a new record for non-UK sterling SSA supply in the process.
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Nomura has made several appointments to its flow rates trading and sales operation in Europe, the Middle East and Africa.
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BNP Paribas has hired Nomura's John Bigham as a senior banker, to boost its strategic UK coverage.
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Chinese tire manufacturer Prinx Chengshan has opened books for its up to HK$1.01bn ($129.6m) IPO.
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Nomura has brought a senior banker back into its fold to lead the convertible bond origination business in Asia ex-Japan, according to a memo seen by GlobalCapital Asia.
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Signs emerged in the SSA market this week that not all SRI bonds are equally worthwhile as far as investors are concerned, particularly when market conditions are not ideal. A series of bonds with a green label went through with little difficulty but a pair of social bonds were undersubscribed. Craig McGlashan reports.
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Dollar investors gave public sector issuers something to think about on Wednesday, as a pair of SRI bonds had very different receptions. One aggressively priced deal struggled to reach full subscription while another offering some concession grew by a half. World Bank is up next in the currency, though in conventional format, and bankers believe the trade will indicate the market’s direction.
