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Month: July 2020

John Varley pressed in court to justify ‘fantastic’ Qatari fees

The bank’s former chief executive repeatedly referenced the promise of ‘Project Tinbac’

Deutsche Bank fined $150m for Epstein compliance failures

The fine is the latest in a long line of litigation against the bank, which has paid out billions to settle a litany of investigations over the past 10 years

Excess supply hits Philippine bonds in secondary market

Dollar bonds sold by a number of Philippine issuers in the past two months have dipped in the secondary market, as a combination of too much supply too quickly and tight pricing puts pressure on

KKR hires LaSalle IM chairman to advise on European real estate investments

As the US buyout group continues its push into European real estate, Simon Marrison will join as senior adviser

European life sciences investment major LSP leads €32m VarmX Series B round

European life science and healthcare investor LSP has led a €32m Series B financing round for VarmX, a biotech company focused on developing approaches for the reversal of anticoagulation.

Shanghai Henlius gets CSRC nod for equity issue

Hong Kong-listed Shanghai Henlius Biotech has won approval from the Mainland securities regulator to sell a chunk of new shares.

Chailease Vietnam closes $60m loan

The Vietnam subsidiary of Taiwanese leasing and financing firm Chailease Finance Co has boosted its loan size to $60m.

Excellence Commercial Property readies $300m HK listing

China’s Excellence Commercial Property and Facilities Management Group is preparing to launch its Hong Kong IPO this month, according to a source close to the deal.

BMW scores first public corporate dim sum in eight months

BMW Finance, a subsidiary of German carmaker BMW, sealed a Rmb500m ($72m) three year dim sum bond on Thursday. It was the first publicly sold offshore renminbi trade by a corporation since November last year.

Investors snap up Qingdao LGFV bonds

Chinese local government financing vehicle Qingdao China Prosperity State-owned Capital Operation (Group) Co followed its peers to take an aggressive approach to pricing its $200m bond.

NAventures leads $16m Series A round for financial data platform Flinks

Canada-based Flinks, a financial data platform, has closed its Series A round on $16m, with NAventures leading the round.

Henderson-led consortium seeks HK$20bn for Yau Tong Bay project

A consortium-led by Henderson Land Development is in talks with banks for a new loan to support its development of a residential project in Hong Kong.

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