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Month: June 2021

Former Condé Nast Editor Plans a Vanity Fair for the Substack Era

A new publication from a Vanity Fair veteran aims to attract writers with a revenue-sharing plan. The project has private equity backing.

GC Podcast: What's going on in Europe's corporate bond market?

For a market so well supported by central bank bond buying, there have been some strange dynamics at play in European corporate debt of late. What is going on and what does it mean for

CréditAg names Asia research head

Crédit Agricole has hired a senior China economist from Bank of America to head up its research team for Asia ex-Japan.

India’s Nuvoco Vistas, CarTrade near IPOs

Cement producer Nuvoco Vistas Corp is aiming to raise Rp50.9bn ($686.2m) from its listing of primary and secondary shares in India.

China Telecom sets price for record Shanghai IPO

China Telecom Corp has priced its Rmb47.11bn ($7.3bn) A-share listing, a deal that is smaller than expected but will still set a global record for 2021.

Toyota taps into busy onshore ABS market with new deal

China’s securitization market was bustling with deals this week. Toyota Motor Finance (China) Co followed Beijing Hyundai Auto Finance Co to launch a Rmb5bn ($774m) auto loan ABS deal, with two more transactions also in

Moelis sees room to grow for ‘nimble’ capital markets team

Moelis & Co created a capital markets team last year just in time to take advantage of the booming market for special purpose acquisition companies (Spacs). But as the craze subsides, the team continues to

Gemdale revives China property bond market with green deal

Gemdale Corp reopened the bond market for high yield Chinese property companies on Thursday with a $480m green deal that landed at fairly 'aggressive' levels.

Philippines’ Megaworld, Robinsons Land win Reit IPO approvals

Philippine property developers Megaworld Corp and Robinsons Land Corp have got approvals from the country’s regulator to float real estate investment trusts (Reits).

Hyundai Heavy gets greenlight for W1tr IPO

South Korea’s stock exchange has approved Hyundai Heavy Industries Co's IPO of around W1tr ($875.4m).

Ex-Mizuho banker jumps ship to BoCom

Joey Mak, a former loans banker at Mizuho, has joined Bank of Communications as section head of the structured finance department.

Cal-Comp $350m SLL hits the market

A $350m sustainability-linked loan for Cal-Comp Electronics (Thailand) Public Co has been launched into syndication.

Hangzhou adds to LGFV bond action

Chinese local government financing vehicle Hangzhou Shangcheng District Urban Construction & Comprehensive Development Co raised $200m from a three year bond on Thursday.

PMM: Demand dwindles in tight corporate bond market

Aside from the covered bond market, issuance volumes fell away in most corners of the primary market last week as the markets slow for summer. Although most deals were well subscribed, the average oversubscription ratios

France pays skinny premium for 30 year

France impressed SSA bankers as it paid a tiny new issue premium for a new 30 year OAT via syndication on Tuesday.

Bridgepoint starts education for £300m London flotation

UK private equity group Bridgepoint has confirmed its intention to float on the London Stock Exchange.

Janet Yellen Helps Reshape the Global Tax Order

A “historic” agreement by the G7 is a big step toward global tax coordination.

SSA secondary pricing update: NGEU II trades tighter

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of busiess on Monday, July 5. The source for secondary trading levels is ICE Data Services.

HKEX to shorten IPO settlement with new digital platform

Hong Kong’s stock exchange is planning to launch a new platform to cut the IPO settlement process, often criticised for being longer than on other global bourses.

Tata Steel drills for fresh funds

Indian company Tata Steel has returned to the loan market. It is in talks with banks for a £200m ($276m) financing to support its UK business.

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