UBS
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Deutsche Bank has seen the biggest fall among large investment banks of in employee approval of its CEO, according to analysis from UBS’s banks research team. The news comes as the German bank’s new boss, Christian Sewing, rolls out extensive cuts to international trading operations and a refocusing of efforts on Germany.
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Korea Hydro & Nuclear Power (KHNP) raised $600m with a green bond on Wednesday, offering no new issue premium to an investor base desperate for environmentally friendly assets. -
Hong Kong’s Securities and Futures Commission has sanctioned a former Standard Chartered executive in Hong Kong for IPO-related offences.
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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.
