Standard Chartered
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Seven banks subscribed to a $297m loan for Blackstone’s acquisition of Indian fintech firm Mphasis during general syndication. The deal was initially conceived as a $405m facility but the amount was reduced after an open offer.
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The Bank of England confirmed on Monday it would stress test UK banks for a broader range of potential threats in 2017, as it set out the timetable for the publication of this year’s results.
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Philippines' International Container Terminal Services (ICTSI) and Hong Kong’s ITC Properties Group are readying their respective dollar-denominated bonds, with both companies on the road to meet with investors this week.
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Wuhan Metro Group and Zhuzhou City Construction are set to become the latest Chinese local financing vehicles (LGFVs) to sell international bonds.
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In this round-up, the European Central Bank renews its RMB swap line, Swiss Re increases its RMB qualified foreign institutional investors (RQFII) quota, and CLS facilitates netting for RMB foreign exchange transactions. Plus, a recap of our coverage this week.
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Institutions have spent months preparing for the launch of the new IMF special drawing rights (SDR) basket on October 1 since the decision to include the RMB was made last year. The mechanics include managing divergent onshore and offshore rates, Jukka Pihlman, global head of central banks and sovereign funds, Standard Chartered, and former IMF official, told GlobalRMB.
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The Islamic Republic of Pakistan is returning to the international debt market for a dollar sukuk after a gap of two years.
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There has never been a better time to be an FX banker in Asia as the region captures a bigger share of global activity driven by the rise of the renminbi and increased capital flows to and from the continent. Technology is also playing a bigger role but the best franchises from Asiamoney’s FX Poll 2016 combine that with top notch advisory, and geographical and product clout. Lorraine Cushnie reports.
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A range of credits from India, Malaysia and Greater China stormed the Asian debt market on Thursday, vying for investor attention.
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Ghana Coco Board (Cocobod), which oversees the processing and marketing of cocoa in the African country, has named the 23 international lenders providing its yearly loan of $1.8bn.
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Books were nearly $2bn for the UAE's Union National Bank’s return to the markets on Wednesday With issuance from UAE banks limited thus far, the 20bp-25bp starting premium offered good value, according to one EM banker.
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Fantasia Holdings Group returned to the bond market on Tuesday, taking advantage of the low yield environment to lock in cheaper funds while improving its debt maturity profile.