Standard Chartered
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Chinese outdoor leisure products developer Bestway Global Holding has closed its debut offshore borrowing at a reduced size of around $88.9m. -
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Emirates NBD brought its first additional tier one (AT1) bond to market on Wednesday, printing the Middle East’s largest deal in the format. Now others in the emerging markets are set to follow.
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Hong Kong’s securities regulator has fined Bank of America, Morgan Stanley, Standard Chartered and UBS after investigations into the banks’ sponsorship of a series of IPOs. The Swiss bank has also had its sponsor licence revoked for a year. Jonathan Breen reports.
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United Overseas Bank (UOB) became the first Singaporean issuer to sell a Panda bond this week, raising Rmb2bn ($298m) from a three year deal. Rebecca Feng reports.
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Kosmos Energy hit screens on Thursday, announcing a new dollar bond which was also the borrower’s first since 2015.
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China’s state-owned ‘bad debt’ managers are making a comeback in the offshore market, after a rally in the sector. China Orient Asset Management Co this week became the second in a month to price bonds and there are more deals on the way. Addison Gong reports.
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The Republic of Ghana has picked banks for a bond deal and tender offer, preparing to become sub-Saharan Africa’s first sovereign issuer of the year. Benin is also believed to be eyeing a debut in the international bond market.
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Emirates NBD came to market for its first additional tier one bond on Wednesday morning, printing what what data suggests is the Middle East’s largest ever deal in the format.
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United Overseas Bank has made its first appearance in the Panda bond market, selling a Rmb2bn ($297.8m) three year deal.
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Garanti Bank, Turk Eximbank and Ziraat Bank have begun refinancing one year loans, according to two loans bankers. Pricing is said to be in line with Akbank, which launched a refinancing in early February.
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Rating: Aa3/AA-/AA-
