Laxman Pai, Opalesque Asia: The funding ratio among corporate plans dropped to 84% as of May 31 from 84.5% as of April 30, said a report from Milliman. Discount rates dropped to 2.76% in May,
Laxman Pai, Opalesque Asia: Nearly all private equity managers expect to see a surge in distressed fund deals over the coming year, said a new survey. "An overwhelming majority (90%) of US private equity fund
Sofia Karadima investigates the increasing appetite for impact investing by speaking to three European LPs about how they define impact, their favoured measurement metrics, and the kinds of managers they look for
Participants in the sustainable bond market are considering allowing issuers to publish a sustainability framework after issuing bonds, instead of before. This would be a major change in market practice.
The Covid-19 pandemic is forcing many of sovereigns to expand their borrowing programmes. The below table details the impact of the outbreak on the funding requirements of major sovereign borrowers.
The Austrian treasury has shaken up its funding outlook for the year as a result of the Covid-19 pandemic with its new planned issuance total almost twice the size of the previous target.
This week's funding scorecard looks at the progress European sovereigns have made in their funding programmes in early June.
The Swedish debt office has provided further details of its planned inaugural green bond, announcing the framework, size and month of its issue.
Greece and Ireland are set to test the primary bond market this week, returning to one buoyed by a fresh injection of confidence after the European Central Bank expanded its Pndemic Emergency Purchase Programme (Pepp)
Spain and SNCF SA announced new euro benchmarks with 20 year maturities on Monday, following the European Investment Bank’s record-breaking effort in the tenor last Friday.
Chinese e-commerce company JD.com covered its Hong Kong secondary listing within a few hours of opening bookbuilding late last Friday evening, with orders continuing to pour in on Monday.
A number of new dollar bonds were announced in Asia on Monday, with issuers buoyed by the strong investor support last week in both the primary and secondary markets.
Hotelier Finance, a subsidiary of Hong Kong-based property company New World Development Co, is seeking consent to skip covenant tests until June next year as it deals with the impact of the Covid-19 pandemic on
Burning Rock Biotech, a cancer detection and therapy company, has opened books for its up to $209.3m Nasdaq IPO following a hot week for Chinese listings in the US.
Marcus John, founder and chief executive of Sports Capital Advisors, tells GlobalCapital to expect a wave of insolvencies in national sport leagues but, he believes, sports with global appeal should fare better after lockdowns ease.
Hong Kong-listed oil company Hilong Holding pushed back the exchange deadline for its 2020 bonds again on Monday, leaving the issuer with a short window to get the deal wrapped up before the notes mature
Cambodia’s Prasac Microfinance Institution has increased its latest offshore borrowing to $95m after attracting eight participants during syndication.
The Shanghai Stock Exchange has clarified rules around red-chip companies listing on the Star board, shedding light on some areas that have previously confused bankers in China.
Sembcorp Marine is looking to tap shareholders for S$2.1bn ($1.5bn) from a rights issue to help repay debt held by a subsidiary.
