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Month: April 2020

Mercuria makes annual loan return, offers Covid premium

Singaporean commodities company Mercuria has returned to the offshore loan market for its annual foray.

Frasers Centrepoint plans $1bn equity fundraising

Singapore-listed Frasers Centrepoint Trust is looking to raise S$1.39bn ($1.02bn) by selling new units equal to over half its existing stock.

China markets round-up: CS to double onshore headcount, PBoC plans benchmark rate transition, GSX reveals SEC scrutiny

In this round-up, Credit Suisse plans to increase its workforce in mainland China by 100% in five years, the central bank develops a new benchmark interest rate, and yet another US-listed Chinese firm comes under

Senior ANZ loans banker Roberts to retire

Carl Roberts, head of loan syndication for south and southeast Asia at ANZ, is retiring after nine years with the Australian bank.

AMB :- The Big Picture: Thornburg optimistic about emerging markets

B. G., Opalesque Geneva: There is a looming credit crisis in emerging markets as tumbling currencies and plunging commodity prices have hit countries burdened by high debts, especially in Africa and Latin America, the FT...Article

The Big Picture: Thornburg optimistic about emerging markets

B. G., Opalesque Geneva: There is a looming credit crisis in emerging markets as tumbling currencies and plunging commodity prices have hit countries burdened by high debts, especially in Africa and Latin America, the FT

AMB :- StepStone raises $2.1bn for secondary opportunities fund

Laxman Pai, Opalesque Asia: New York-based global private markets investment firm StepStone Group, LP, closed its secondary private equity fund that invests on the secondary markets, raising US$2.1 billion of commitments...Article Link

AMB :- Private debt fundraising nosedives as managers struggle to attract capital from investors

Laxman Pai, Opalesque Asia: Fundraising in private debt slumped substantially over the first quarter of 2020, as fund managers evaluate the potential fallout from the economic volatility caused by the outbreak of COVID-1...Article Link

Investment bank Centerview hires former Lazard rainmaker Pigasse

Matthieu Pigasse's new role appears to mark a change of direction since leaving Lazard last October

Pepp data: how ECB supports eurozone periphery with bond scheme

The ECB publishes a breakdown of its purchases under the Pandemic Emergency Purchase Programme (Pepp), which was launched in late March to combat the effects of the coronavirus pandemic. Unlike the Public Sector Purchase Programme,

Long volatility, CTAs and AI hedge funds shine as hedge fund performance dispersion widens to October 2008 level

Opalesque Industry Update - The Eurekahedge Hedge Fund Index was down 4.40% in March 2020 (-6% YTD), outperforming the underlying equity market as represented by the MSCI ACWI IMI (Local), which lost 13.99% over the

Morgan Stanley suspended from French auctions

The Agence France Trésor (AFT) has suspended Morgan Stanley's primary dealership in French government bonds, making it the first bank to suffer such a proscription.

Raymond James hires managing director from Canaccord

Alastair Rogers will cover the diversified industrials sector at the European arm of the investment bank

Purchasing Portfolio Company Debt—Threshold Issues for Private Equity Sponsors

Posted by William Chudd, Sartaj Gill, and David Schnabel, Davis Polk & Wardwell LLP, on Wednesday, April 8, 2020 Editor's Note: William Chudd, Sartaj Gill, and David Schnabel are partners at Davis Polk & Wardwell LLP.

Private debt funds eye new deals as pandemic puts pressure on lenders

Since 2017, private debt funds have raised $388.9bn globally and are now ready to spend that capital

Alibaba Health launches $1bn share sale

Alibaba Health Information Technology hit the market on Tuesday evening to raise up to HK$8.2bn ($1.06bn) in fresh equity from a follow-on, according to a term sheet seen by GlobalCapital Asia.

Oil price swings snuff out energy deals by private equity firms

Sponsor-backed oil and gas producers held off asset purchases in the first quarter

Activist investor Bill Ackman is now feeling optimistic about the markets

He says aggressive use of lockdowns and stay-at-home orders to prevent the spread of the coronavirus appear to be working

JP Morgan reshuffles activist defense team

JP Morgan has reorganised its team dedicated to advising clients on how to defend against campaigns by activist investors.

Pepp data shows ECB still standing with periphery

The ECB has released the data breaking down the purchases it has made under the Pandemic Emergency Purchase Programme in June and July, revealing that it is still providing substantial support to the eurozone periphery.

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