UBS
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Hong Kong’s Securities and Futures Commission has sanctioned a former Standard Chartered executive in Hong Kong for IPO-related offences. -
Shanghai Fosun Pharmaceutical Group bagged HK$2.6bn ($331m) from an H-share placement on Wednesday, its first capital raise in more than a year.
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Agile Group Holdings printed a smaller-than-expected $200m bond on Wednesday, struggling to source demand in spite of a generous yield, raising questions about the timing of the transaction.
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Indian apparel maker TCNS Clothing is seeking up to Rp11.24bn ($163.9m) from a float of only secondary shares.
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The UK Debt Management Office breezed through another syndication on Wednesday, although bankers said that the darkening cloud of global trade wars likely led some investors to seek shelter in the safe-haven asset.
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The Securities and Exchange Board of India has waved through Lodha Developers’ IPO, barely two weeks after putting the transaction on hold.
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Barclays has returned to the Swiss franc bond market after an eight year absence.
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UK retailer J Sainsbury’s has signed a £3.5bn loan package to back its acquisition of Walmart-owned Asda, with the company raising more debt than the cash component of the deal despite analysts raising concerns about the borrower’s recent debt levels.
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Hong Kong was inundated with IPO filings this week as banks sought to give themselves enough runway to launch deals before the end of the year.
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Consus Real Estate, the German property development company, has fixed the terms for a €287m capital increase that it announced last month to finance its pipeline projects.
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Something strange is occurring in Switzerland, where the Swiss franc bond market is rife with both deep optimism and pessimism. Deal execution is riskier than it has been for years, but is being driven by bond buyers’ perceptions of better times ahead. Silas Brown asks whether the market is about to regain its mojo or if this is a case of jam tomorrow.
