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  • China unveiled a slew of measures to open up its financial markets this week, including providing a timeframe for removing caps on foreign ownership in the financial sector and bumping up daily trading quotas on Stock Connect. The reforms come as trade tensions between the Mainland and the US intensify, writes Noah Sin.
  • Logan Property Holdings Company sold its first Singapore-dollar denominated bond on Tuesday to support its growing presence in the country, raising a larger-than-expected S$200m ($152.6m). The deal is the first in the currency from a Chinese real estate name in almost four years.
  • Korean battery maker Samsung SDI Co has raised W559.9bn ($525.2m) after offloading its stake in Samsung C&T Corp at the mid-point of guidance, according to sources close to the deal.
  • Indonesia Eximbank is riding on the strong interest among bank lenders for its past fundraisings to launch a new $950m multi-tranche loan at razor-thin pricing levels.
  • Baidu-backed online platform Qeeka Home is hoping to raise around $400m through a Hong Kong IPO, according to bankers close to the situation.
  • Moody’s said that it believed fiscal reforms in Brazil were inevitable no matter who wins October’s election, removing the country’s negative outlook just weeks after the rating agency’s peers downgraded the sovereign.
  • New York based fixed income manager Semper Capital Management has launched a new Irish-domiciled £35m mutual fund to allow UK and European investors to invest in the firm’s US mortgage backed securities strategy for the first time.
  • Prosper will continue to issue ABS from its long standing PMIT shelf, but is looking for new whole loan contributors for its securitizations as it eyes the end of a loan consortium agreement inked last February.
  • With dead eyes, the procession of defeated beasts shuffled forwards, waiting for the axe to fall… no, not Deutsche Bank’s fixed income traders, facing yet another round of restructuring and redundancies but a possible scene from the activities of National Beef, the business that, until recently, shared a corporate roof with Jefferies. Both were part of the conglomerate Leucadia Corporation, which also owned auto dealership Garcadia with the Garff family.
  • Leucadia National Corporation, the holding company of Jefferies, has sold 48% of its beef business, all of its automotive equity interests, and changed the name of the company to Jefferies Financial Group — a set of moves which ought to free the firm to take advantage of merchant banking opportunities, while giving investors a clearer business to focus on.
  • Monday and Tuesday this week saw two UK buy-to-let RMBS announced, with Monday's Paragon 25 announcement joined on Tuesday by Tower Bridge No.2, the second outing from Belmont Green Finance.
  • SSA
    A trio of euro borrowers picked up a combined €8.5bn on Tuesday, seemingly without testing the limits of demand in the market.