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Month: February 2020

WuXi Biologics block fetches HK$6.1bn

WuXi Biologics Holdings has raised HK$6.1bn ($787.5m) after selling a block of shares in WuXi Biologics (Cayman), the fourth time it has trimmed its position in the company this year.

HSBC places three teams under new hire Laubjerg

HSBC has hired Jan Laubjerg for a new position as global head of natural resources.

Mercedes-Benz readies second auto ABS this year

Mercedes-Benz Auto Finance is planning to sell a Rmb6.26bn ($917m) dual tranche auto securitization transaction next week after a six-month break from the onshore market. The issuer has doubled the length of the revolving period

Fujian Yango offers 12.2% yield for bond

Fujian Yango Group Co enticed investors with a yield of more than 12% for its new $200m bond on Tuesday.

AIIB names its first chief economist

The Asian Infrastructure Investment Bank (AIIB) has appointed a chief economist for the first time, picking Erik Berglof to head its economics department.

Ant poses regulation dilemma to China

Bankers in China have raised concerns around regulating Ant Group, which is gearing up for a mammoth dual listing in Hong Kong and the Star board. Although the Alibaba Group Holding-backed firm calls itself a

Private Equity—Year in Review and 2020 Outlook

Posted by Andrew Nussbaum, Steve Cohen, and Karessa Cain, Wachtell, Lipton, Rosen & Katz, on Saturday, February 8, 2020 Editor's Note: Andrew J. Nussbaum, Steven A. Cohen, and Karessa L. Cain are partners at Wachtell, Lipton, Rosen

AMW :- Opalesque Roundup: Global alternative AUM on track to hit $14tn by 2023: hedge fund news, week 06

In the week ending February 07th 2020, a new report showed that global alternative assets under management topped $10 trillion as of June 30 and are on track to exceed $14 trillion by 2023. The

Critical hedge fund sees better way to do ESG

Environmental, social and governance investors have been patting themselves on the back this year because their funds have tended to outperform during the coronavirus crisis. But a San Francisco hedge fund believes they are doing

End of GSE conservatorship nears but CFPB ruling raises new questions

The end of government control of Fannie Mae and Freddie Mac drew one step closer this week, but a US Supreme Court ruling on the leadership structure of the Consumer Financial Protection Bureau (CFPB) raises

Rhätische Bahn sells second ever Swiss franc deal

Unrated Swiss private railway operator Rhätische Bahn, owner of the UNESCO World Heritage-listed Bernina railway, made its second stop in the Swiss franc bond market this week, four years after its debut deal.

Deutsche sees investors’ interest in ESG fading

A survey by Deutsche Bank this week challenged the consensus that investors' interest in environmental, social and governance funds has been intensified by the coronavirus crisis. On the contrary, it argues: appetite has weakened.

ThyssenKrupp Elevator sees monster demand, paves the way for LBO lift-off

The huge demand seen for ThyssenKrupp Elevator’s buyout financing, the largest bridge loan left on banks’ books through the Covid-19 crisis, should reassure credit committees and capital markets operators that the LBO market is wide

Debut NRW.Bank social bond sparks 15 year flurry

NRW.Bank’s inaugural social bond sparked a flurry of 15 year trades this week as a flattening French curve and the positive yields on offer helped spur on demand, with three issuers opting to follow the

Belgium prints rare 60 year PP

Belgium returned to the MTN market in euros on Tuesday with a 60 year note — its first private placement in the currency for over 18 months.

BASF Construction Chemicals next bridge to drop after TKE blowout

Banks have launched the buyout funding for Lone Star’s purchase of BASF Construction Chemicals into market, as the storming execution of ThyssenKrupp Elevator shows the discount banks must take to exit pre-Covid positions is rapidly

Tidjane Thiam resigns as Credit Suisse CEO amid spygate fallout

Resignation comes after reports of a power-struggle between management and investors over the future leadership of the Swiss bank

Property of the Week: An east London Victorian house for £1.65m

A glass roof in the 19th-century terrace house means there’s lots of natural light

New blood in LBBW SSA team as Hertlein departs

Philip Hertlein resigned from his job as head of SSA syndicate and origination at LBBW on Tuesday. In his absence, the team has been bolstered by Oliver Franke, who joins the bank from Crédit Agricole.

Hg invests in smartTrade Technologies

The deal will be made via the Mercury 2 Fund, which closed in 2017 at £575m and is 65% deployed, the firm said

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