Standard Chartered

Singapore’s Clifford Capital closed its inaugural collateralised loan obligation on Wednesday, raising $458m from the first fully project finance-backed CLO in Asia.

South Korea’s steel company Posco returned to the dollar bond market on Wednesday, breaking a seven year hiatus. It easily locked up a $500m trade after investors lapped up the rare notes.

Dongfeng Nissan Auto Finance enjoyed strong support from its traditional investor base — Chinese banks and onshore arms of Japanese banks — as it sold a Rmb4.5bn ($665.7m) securitization on July 19. The deal came as looser onshore liquidity gave banks more cash to buy ABS papers.

Agile Group Holdings snapped up $400m from a tap on Thursday, with investors’ response sending a strong signal to the high yield market, according to bankers.

Singapore’s Clifford Capital is marketing its debut collateralised loan obligation cash flow securitization, seeking $458m through a newly established special purpose company, Bayfront Infrastructure Capital. The trade is the first of its kind, marking the first fully project finance-backed CLO in Asia. Morgan Davis reports.

Hong Kong’s Securities and Futures Commission has sanctioned a former Standard Chartered executive in Hong Kong for IPO-related offences.

There is a sense that banks in the Middle East are being encouraged to pledge allegiance in the public bond markets to either Saudi Arabia and the United Arab Emirates or to Qatar, as the diplomatic tensions between the two sides rumble on. But in the MTN market it is becoming clear that no such division exists.

Birla Carbon has closed a $1.2bn multi-tranche loan after attracting six participants during senior syndication, according to a banker close to the situation.

Bank Rakyat Indonesia (BRI) raised $500m from a five year bullet bond on Monday, proving investment grade issuers can still secure deals if the price is right.

Hong Kong’s Securities and Futures Commission has sanctioned a former Standard Chartered executive in Hong Kong for IPO-related offences.

Clifford Capital is seeking $458m this week from its debut project finance collateralized loan obligation cash flow securitization, to be issued through a newly established special purpose company Bayfront Infrastructure Capital.

Mitsubishi UFJ Financial Group has named Goh Kiat Seng as co-head of global corporate banking for its Malaysian subsidiary, effective July 12.