United States

Singapore-based internet company Sea is planning to issue a new chunk of its US-listed equity, according to a filing with the regulator.

In this round-up, the China Banking and Insurance Regulatory Commission (CBIRC) put pressure on banks to provide more private sector financing, the US trade representative said he was not yet satisfied with China’s trade promises and the Hong Kong Stock Exchange (HKEX) planned to increase cross-border capital market deals.

David Malpass, US candidate for the World Bank presidency, has serious weaknesses and lacks experience, according to a former chief economist at the multilateral lender.

Mitsubishi UFJ Financial Group grabbed the record for the biggest Yankee dollar deal of 2019 and the largest ever by a Japanese financial institution when it printed a $5.5bn five-part transaction on Tuesday.

The high-grade dollar clocked up a banner week but syndicate desks were kept busy by volume rather than size as 22 issuers took home only $15bn.

Futu Holdings, theparent of Hong Kong-based Futu Securities International, has hit the road with an up to $130.8m Nasdaq IPO. The firm has cut the size of its float amid shaky markets, but the deal is still being used as a yardstick by its larger competitor Tiger Brokers, which is snapping at Futu’s heels with its own US listing. Jonathan Breen reports.

Paccar Financial has become the latest in a string of US issuers that have tapped the euro market over the past two weeks. The financing arm of the US maker of trucks and trailers has raised €300m via the sale of new 0.125% notes due in March 2022.

The US-led equity rally of the first two months of 2019 is likely to continue, says Eddie Perkin, chief investment officer of Eaton Vance. In an interview with GlobalCapital, he said this should prompt an increase in equity capital markets issuance, and stronger investor returns than many would have expected after a terrible end to last year.

Futu Holdings, parent of Hong Kong-based Futu Securities International, has launched bookbuilding for its potential $130.8m Nasdaq IPO.

Colgate-Palmolive, the US consumer products company, has added to the recent splurge of new reverse Yankee supply with a €1bn dual-tranche that was seven times oversubscribed.

Chinese broker Up Fintech, best known for its platform Tiger Brokers, is planning a listing of American Depository Shares (ADS) on the Nasdaq. It wants to raise as much as $150m.

In this round-up, US president Donald Trump extended the March 1 trade negotiation deadline, Bond Connect established an online information platform on the Chinese primary market and the Shanghai Stock Exchange finished soliciting public opinion on tech board rules