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Month: July 2020

Local government owned Jinan Lixia sells $300m bond

Jinan Lixia Holding Group Co came to the dollar bond market at the end of last week, bagging $300m from a three year deal.

Malaysia hit with first Fitch downgrade in two decades

Fitch has downgraded Malaysia for the first time since the Asian financial crisis, slashing the sovereign rating by one notch to BBB+ due to the Covid-19 crisis and political uncertainty.

Vesync, Sino-Ocean launch HK listings

Vesync, a home appliance retailer, kicked off the roadshow for its up to HK$1.55bn ($200.1m) IPO in Hong Kong on Monday, with the company's growth story during the pandemic expected to appeal to investors.

Vesync, Sino-Ocean launch HK listings

Vesync, a home appliance retailer, kicked off the roadshow for its up to HK$1.55bn ($200.1m) IPO in Hong Kong on Monday, with the company's growth story during the pandemic expected to appeal to investors.

The week in review: China's November exports jump, CBIRC fines BOC for loss-making product, Ant, Greenland secure SG digital banking licence

In this round-up, China posts stronger-than-expected export data for November, the banking and insurance regulator fines Bank of China over ‘irregularities’ in a crude oil product, and an Ant Group unit and a Greenland-led consortium

Beijing Construction closes $350m oversubscribed loan

Beijing Construction Engineering Group has received strong response from the market for its second loan of the year. The $350m deal is expected to be signed before the end of December.

EBRD to turn half green, despite opposition from US

The European Bank for Reconstruction and Development’s board of directors has approved a proposal to accelerate its transition towards being a green bank, including devoting over 50% of its investments to the green economy by

LCH SA’s repo arm wins first supranational as EIB signs up

The European Investment Bank (EIB) has become the first supranational institution to join LCH’s French repo clearing service.

EBRD prints record Sofr deal

The European Bank for Reconstruction and Development ventured out to raise its largest ever bond linked to the secured overnight financing rate (Sofr) this week in what otherwise a thin week for issuance in dollars.

HarbourVest splits finance functions and hires Apollo executive as CFO

Rob MacGoey will take on the role of chief financial officer for HarbourVest’s management company and will work alongside current CFO Karin Lagerlund

Puma Energy pulls bond, investors say credit story 'uncredible'

Singapore-incorporated global energy business Puma Energy has pulled a planned dollar bond that was set to refinance an existing loan. They attributed it to a lack of conducive market conditions, though investors say the issuer's

Puma Energy pulls bond blaming market conditions

Singapore-incorporated global energy business Puma Energy has pulled a planned dollar bond that was set to refinance an existing loan, attributing it to a lack of conducive market conditions.

Sumitr enjoys solid outcome for first outing

Sumitomo Mitsui Trust Bank (Sumitr) mustered a reasonable order book for its debut contractual covered bond issued on Wednesday and was therefore able to meet its minimum size ambition at a fair spread.

Foresight Group acquires UK infrastructure platform PiP

The deal will increase the firm's total assets under management by 38% to £6.5bn

Barclays executives labelled PE boss a ‘tart’ and ‘dolly bird’ during bank’s 2008 cash call

Jenkins also joked that he would give one of his colleagues 'a little bit of cocaine so he speaks a little bit quicker' for a meeting

China’s Great Wall Motors sells auto ABS with international ratings

Tianjin Great Wall Binyin Automotive Finance, the funding arm of domestic carmaker Great Wall Motors, sealed its first internationally rated auto securitization deal on Thursday. The Rmb3.37bn ($481m) deal attracted decent demand from foreign investors.

Yunfeng nets $450m from Alibaba Health stake sale

Chinese private equity firm Yunfeng Capital trimmed its position in Alibaba Health Information Technology with an upsized block trade on Thursday, its second sale of the stock this year.

Olam mandates four for ¥25bn samurai loan

Olam International has made a quick return to the loan market, raising a ¥25bn ($232.6m) samurai facility.

KKR’s Vinhomes loan faces pushback from Taiwan

KKR and Credit Suisse are soft-sounding a loan that will support the private equity firm’s acquisition of a stake in Vinhomes Joint Stock Co. But several Taiwanese bankers said they would not commit to the

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