North America
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Hyundai Capital America has priced a $800m three year bond alongside a $700m seven year, raising more than expected from its latest outing. -
Chinese firms Lizhi and Phoenix Tree Holdings are each planning US IPOs of up to $100m, according to listing documents filed with the SEC.
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Bitcoin mining hardware maker Canaan has ditched a listing in Hong Kong SAR in favour of the US, filing for an up to $400m IPO of American Depository Shares (ADS) on Nasdaq.
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Verizon Communications, the US telecoms group, is preparing to return to the Kangaroo bond market with a multi-tranche deal, offering maturities up to 20 years — far longer than its longest outstanding 10 year tranche.
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NetEase-backed Chinese education platform Youdao fell by more than 25% on its debut on the New York Stock Exchange last Friday, after pricing its listing and concurrent private placement in the top half of guidance.
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In this round-up, the Chinese Communist Party’s leaders will meet this week, the US and China held a phone call to discuss a trade deal over the weekend and fully foreign-owned Qingdao Yicai received a mutual fund sales licence.
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In this round-up, the big five Chinese banks have boosted lending to small and micro enterprises by 30% this year, the Chinese Ministry of Finance is planning to issue a euro bond and China’s ranking in ease of doing business jumped to 31 from 46.
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In this round-up, China and the US are hammering out a draft of a mini trade deal, the regulators have switched around leaders at state-owned bad debt managers and the new foreign investment law has received praise from foreign investors.
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Wells Fargo made a stylish return to the dollar market on Thursday following its earnings blackout, by printing a $6.5bn callable trade.
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Dollar supply is set to begin its year-end dash in the coming days after earnings season peaked.
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CPPIB Capital raised $1bn with a 10 year bond this week but despite the deal securing the issuer’s lowest ever funding cost at that tenor, bankers were unimpressed by the level of demand, adding to claims that demand for 10 year paper is waning.
