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Month: February 2021

Alibaba navigates China crackdown for bond

Chinese company Alibaba Group Holding made its long-awaited return to the debt market this week, even as the country’s regulators turned up the heat on the e-commerce giant.

SLBs gain Asian momentum with Surbana Jurong, Olam deals

Sustainability-linked bonds conquered a new investor base this week, as the instrument spreads rapidly around the world. Surbana Jurong, an architecture and engineering consultancy indirectly owned by the Singapore government, brought the first such instrument

AMB :- Early-stage funding rounds accounted for 70.8% of global VC funding deal volume in Q4 2020

Laxman Pai, Opalesque Asia: Early-stage funding rounds (comprising Seed and Series A funding rounds) continued to dominate the global VC funding landscape in terms of deal volume during the quarter, as venture capital (V...Article Link

European Commission borrows two from EIB in 'hiring spree'

Two officials from the European Investment Bank are set to join the European Commission on long term secondments, bolstering the Commission’s head count in order to cope with the demands of its colossal funding programme.

Brave Draghi

If he can form a government that holds the demons of Italian politics at bay long enough to drag his country through the coronavirus pandemic, then Mario Draghi will have earned his laurels. But in

Alberta makes rare Kangaroo outing

The Province of Alberta made a rare appearance in the Kangaroo market on Wednesday, printing A$100m with a February 2046 bond. Daiwa Capital Markets ran the books.

Nomura defies doldrums with strong showing

Nomura’s new chief executive is off to a strong start. Mark that down as a point for investment bankers.

Second time lucky for Continuum with green bond

Indian renewable energy company Continuum Energy Levanter made its debut in the dollar bond market this week, more than three years after pulling its initial attempt. However, it had to offer investors incentives to seal

China Fortune Land’s bonds see rollercoaster ride after defaults on domestic debt

China Fortune Land Development’s domestic and offshore bonds swung this week after the property company admitted to onshore defaults worth Rmb5.255bn ($813m), adding to ongoing concerns about its liquidity condition and access to funding. Addison

Myanmar’s political turmoil casts pall over rare acquisition loan

A $390m loan backing CVC Capital Partners’ acquisition of Myanmar’s Irrawaddy Green Towers (IGT) was abruptly put on hold this week after political turmoil rocked the country following a military coup. Pan Yue reports.

Kexim rakes in $1.5bn from triple-tranche outing

The Export-Import Bank of Korea got orders of nearly $6bn for a $1.5bn triple-tranche bond this week, showing the continuous appeal of deals from high quality credits.

Chinese firms Cloopen, Adagene kick off US listings

Cloopen Group Holding, a cloud-based communications provider, launched its New York Stock Exchange IPO on Wednesday night.

Indian Railways stays on track with $750m debt outing

Indian Railway Finance Corp (IRFC) sold its first bond since its IPO this week, raising $750m.

Pertamina drills for $1.9bn bond

Indonesian state-owned oil and gas company Pertamina raised $1.9bn from a two-tranche deal on Wednesday.

PTT Oil wraps up blow-out IPO as foreign investors left empty-handed

Thailand’s PTT Oil and Retail Business scooped up Bt54bn ($1.79bn) this week from the country’s largest IPO in a year. The deal was a hit with both domestic and foreign investors — but in a

New Horizon launches $263m Hong Kong listing

New Horizon Health hit the equities market on Thursday, aiming to raise up to HK$2.04bn ($263.1m) from its IPO, according to a source familiar with the matter.

Andera to exit e-learning firm amid edtech boom

IK Investment Partners is investing in the French company via its ninth mid-cap fund, closed in May last year at €2.85bn

BlackRock’s push on ESG is coming at ‘a business-friendly pace’

Advocates say the giant money manager could be more aggressive

Andera sells Skill & You to IK

Andera Partners has sold its majority stake in French distance-learning specialist Skill & You to IK Investment Partners.

Genesis closes first growth fund on €40m hard-cap

Czech Republic-based private equity investor Genesis Capital has announced the final close for its first growth fund on its hard-cap of €40m.

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