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Month: June 2020

CMB Leasing revives 10yr bonds for China FIG

CMB Financial Leasing Co returned with five year and 10 year dual-tranche bonds on Wednesday, selling the first decade bond from a Chinese FIG credit in more than a month as costs for longer-dated notes

4BIO Capital gets big pharma backing for Fund II raise, eyes $150m for final close

Advanced therapies-focused venture capital firm 4BIO Capital has picked up a strategic investment in its newest fund from specialist pharma and biotech business Kyowa Kirin.

Elliott Management, Siris Capital-backed Travelport hopes to weather coronavirus challenge with up to $1bn of new financing

The private equity arm of activist investor Elliott Management Corp has teamed with Siris Capital to help existing portfolio business Travelport Worldwide weather the coronavirus crisis with up to $1bn of new financing.

Sycamore emerges as potential JC Penney saviour, a month after backing out of Victoria’s Secret buyout

Sycamore Partners is reportedly in talks to buy US department store chain JC Penney out of bankruptcy, just a month after backing out of an agreed buyout of troubled fellow retailer Victoria's Secret.

Three Hills Capital founder sets up ‘fund incubator’

The company, called Atypical Partner, currently houses Moretti’s Three Hills Capital, Goldman Sachs-backed investment vehicle Pall Mall Legacy and hedge fund Sinclair Capital

How PE-backed Luckin Coffee left investors with a bad taste in their mouth

The high-flying Chinese tech darling soared in value before admitting to revenue fabrication. Bulk purchasers of its products included firms linked to the chairman and controlling shareholder

After the coronavirus crisis, private equity faces a moment of truth

If private equity firms cannot turn in a demonstrably better performance than the stock market soon, surely even their stoutest defenders among the investor community will begin to question the hefty fees they are paying

China property issuers storm dollar market

Chinese real estate borrowers swarmed the international bond market on Wednesday, raising a combined $1.05bn across four transactions.

AMB :- Opalesque Exclusive: The Corona Fighters Report 41: Asset managers who delivered in the downturn

Bailey McCann, Opalesque New York: This is our regular report on hedge funds and alternative asset managers who are successfully protecting assets and outperforming the markets during the first months of 2020. A...Article Link

Opalesque Exclusive: The Corona Fighters Report 41: Asset managers who delivered in the downturn

Bailey McCann, Opalesque New York: This is our regular report on hedge funds and alternative asset managers who are successfully protecting assets and outperforming the markets during the first months of 2020. An impact strategy

Cyprus and EFSF line up Tuesday deals

Cyprus will return to the market with a pair of taps on Tuesday, hitting screens alongside the European Financial Stability Facility’s new five year line, providing an excellent opportunity to compare Cyprus’s cost of funds

Market opener Verisure returns for refi

Swedish alarm firm Verisure is preparing a €1bn refinancing, underlining the move in the leveraged credit market from the tough days of March and April to firmer territory where sponsors can optimise capital structures, not

Kookmin to debut with euro covered bond as supply scarcity looms

Kookmin Bank is expected to surface later this week with its first euro covered bond which will fund social housing. The deal is to emerge amid mounting concern that diminishing supply, rising redemptions and aggressive

Baltic telco Bitė preps dividend deal and bond market return

Bitė, a mobile, broadband and pay TV firm in the Baltic region and a portfolio company of Providence Private Equity, is prepping a dividend recap and refinancing of its whole capital structure, funded by a

Scorching hot healthcare IPOs net HK$2.7bn

Mainland-based firms OcuMension Therapeutics and Immunotech Biopharm sealed their Hong Kong IPOs at the top of guidance, riding on support from both institutional and retail investors.

VPBank Finance returns for $200m

VPBank Finance Co, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has launched a $200m new money loan.

Wuhan Dangdai returns with tap

Wuhan Dangdai Science & Technology Industries (Group) Co chose a quiet Friday for deal flow to raise $200.5m from a tap.

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