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  • Standard Bank Asia has mandated a six strong bank group to lead arrange a $100m three year transferable loan. Mandated arrangers Bank of China (Hong Kong), Barclays Capital, Crédit Lyonnais, Deutsche Bank, Mizuho Corporate Bank and Standard Chartered launched the deal into general syndication this week.
  • HSBC announced 90 redundancies this week in its international cash equities business. The bank said it would make 40 staff redundant in its London office, 10 in New York and 40 in Madrid, Milan, Stockholm and Warsaw.
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  • RZB has been mandated to arrange a portion of a project financing for Cora, the Belgian supermarket chain, in Hungary.
  • Arrangers Crédit Lyonnais and State Bank of India are still waiting for official approval from Reserve Bank of India, before launching Power Finance Corp's $100m five year loan into syndication.
  • Mitra Global Telekomunikasi Indonesia (MGTI) has awarded the mandate for a $215m five year financing to DBS Bank. The deal has been launched into general syndication.
  • Top tier international credits remain active in the MTN market targeting Japanese investors. They are also selling more of their global dollar and euro bonds to Japanese investors. But the real story of the past year is the explosion of their issuance in the booming Uridashi market.
  • EuroWeek interviews key figures at 10 of the leading investment banks and securities firms for their insights into the domestic bond market and the implications for overseas issuance by Japan's corporate elite. They are:
  • Despite the gloom about dysfunctional banks, deflation and the uncertain outlook for the economy over the past few years, the IPO market has been a surprisingly solid, sometimes even spectacular performer. EuroWeek asks five leading investment banks to explain the success of many high profile new listings in recent times.
  • The Eu762.5m loan for Endesa Italia arranged by ABN Amro, BBVA, Dresdner Kleinwort Wasserstein and Sanpaolo IMI has closed and been signed.
  • Hypo Real Estate Bank International has mandated HSH Nordbank to arrange a $400m three year deal. The margin is Libor plus 37bp with banks offered one ticket: $50m for 24bp.
  • Japan Highway sold $500m of bonds into the Euromarket in May this year. The bonds, with an unusual maturity of five years and two months, were priced at 55.5bp over US Treasuries, or 13bp over Libor swaps. BNP Paribas and Tokyo-Mitsubishi International were joint bookrunners.