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  • Hong Kong's Wharf Real Estate Investment Company (Wharf REIC) raised $750m from a dual-tranche bond on Tuesday. The issuer was able to take more than it initially intended, while paying a small new issue premium.
  • The Republic of the Philippines printed one of its largest bonds on record this week at exceptionally tight levels, taking $2.35bn from a dual-tranche deal. The sovereign gave investors what they wanted: long tenors, attractive initial pricing levels and full clarity on the impact of Covid-19 on the country, writes Morgan Davis.
  • The Schuldschein market is expected to reopen in a matter of days, but arrangers will face a changed market and will have to adapt to the new corporate lending landscape created by the coronavirus pandemic.
  • SSA
    The European Central Bank could take action to counter the rise in the level of Euribor at its meeting on Thursday by either cutting its deposit rate or buying commercial paper from financial institutions to ease interbank lending, according to analysts.
  • Singapore's Temasek Holdings-backed Clifford Capital has restructured its business, creating a holding company and a new infrastructure loan platform.
  • Do you remember what it was like to work in an office? Blissfully boring. Those working from home now have to juggle work and personal life — and try not to turn their children into market-savvy scoundrels.
  • In contrast to what analysts had expected before its first quarter results, Deutsche Bank reckons its investment bank will outperform last year’s revenue figures in 2020. However, its fixed income and currencies sales and trading business did not match peers’ revenue growth in the first quarter.
  • Norwegian Air Shuttle has revised the terms of its restructuring pitch to bondholders, cutting the size of the writedown it is asking them to take and making sure they get the benefit of the security over landing slots they were granted last year.
  • Banco Santander wasted no time in heading to the non-preferred senior market this week, with investors responding well to the way in which European banks have been dealing with the coronavirus pandemic in their first quarter results.
  • The corporate bond market is already moving past the coronavirus pandemic, according to syndicate bankers, despite some warning that a second wave of the disease could push technical supports to their limits.
  • Hiscox, the London-listed insurance and reinsurance company, is exploring the idea of raising equity to combat uncertainty surrounding the impact of the coronavirus as premiums, particularly in the US, harden.
  • The Singapore Exchange (SGX) and Citic Securities Co have signed an agreement to collaborate across multiple parts of Asia's capital markets.