HDFC Bank picks veteran banker as next CEO

India’s HDFC Bank has picked a successor to its chief executive officer Aditya Puri, who will be retiring at the end of October.

Stigma to keep Slovakia from using ESM pandemic lines

Slovakia will not be making use of the European Stability Mechanism’s pandemic crisis support lines, because of concerns that investors would look negatively on the decision.

CEB hires funding official from ESM

The Council of Europe Development Bank has recruited a new member to its funding team with an appointment from fellow supranational borrower, the European Stability Mechanism.

Private Equity Can’t Always Get What It Wants

Buyout firms are lobbying lawmakers in Washington for coronavirus assistance, but have come up short in at least one big way.

Going Private Transactions

Posted by Warren S. de Wied, Philip Richter, and Robert C. Schwenkel, Fried, Frank, Harris, Shriver & Jacobson LLP, on Saturday, April 18, 2020 Editor's Note: Warren S. de Wied, Philip Richter, and Robert C.

EU ignores science and puts damaging biofuels into Taxonomy

The European Union’s Taxonomy of Sustainable Economic Activities, the cornerstone of its action on sustainable finance, looks set to bless several technologies such as biofuels and hydroelectric power that are not just environmentally questionable but

The Impact of COVID19 on Shareholder Activism

Posted by Keith Gottfried and Sean Donahue, Morgan, Lewis & Bockius LLP, on Sunday, April 12, 2020 Editor's Note: Keith Gottfried and Sean Donahue are partners at Morgan, Lewis & Bockius LLP. This post is based on a

MPs scrutinise whether Gilt syndications are cost-effective

The House of Commons' Treasury Select Committee has asked the UK Debt Management Office to answer a series of questions on its bond syndication programme, specifically on the pricing of its bonds and the fees

Fosun-backed Gland Pharma readies Rp65bn IPO

Gland Pharma, a subsidiary of Shanghai Fosun Pharmaceutical Group, has set the final terms for its Rp64.8bn ($866.5m) IPO in India.

SMI builds bigger loan of $700m

Indonesian company Sarana Multi Infrastruktur (SMI) has increased the size of its loan to $700m after seeing strong traction from banks during syndication.

Mercuria makes annual loan return, offers Covid premium

Singaporean commodities company Mercuria has returned to the offshore loan market for its annual foray.

Frasers Centrepoint plans $1bn equity fundraising

Singapore-listed Frasers Centrepoint Trust is looking to raise S$1.39bn ($1.02bn) by selling new units equal to over half its existing stock.

Senior ANZ loans banker Roberts to retire

Carl Roberts, head of loan syndication for south and southeast Asia at ANZ, is retiring after nine years with the Australian bank.

ECB boosts Pepp but sov debt threats remain

The European Central Bank delivered a welcome — and bigger than expected — increase to both the size and scale of its Pandemic Emergency Purchase Programme (Pepp) on Thursday, causing eurozone periphery spreads to ratchet

Portugal unlikely to take ESM pandemic loans

The interest cost savings may not be enough to entice some countries to accept the European Stability Mechanism’s pandemic crisis loans, with Portuguese and Cypriot officials expressing doubt.

Can Investors Time Their Exposure to Private Equity?

Posted by Gregory W. Brown (University of North Carolina), on Friday, March 27, 2020 Editor's Note: Gregory Brown is professor of finance and director of the Frank Hawkins Kenan Institute of Private Enterprise at University

Friend or Foe? The Convergence of Private Equity and Shareholder Activism

Posted by Aneliya S. Crawford and Matthew J. Gruenberg, Schulte Roth & Zabel LLP, on Saturday, March 21, 2020 Editor's Note: Aneliya S. Crawford is a partner and Matthew J. Gruenberg is special counsel at Schulte

SSAs brace for fierce funding competition

Competition among public sector borrowers will be more ferocious than ever when 2021 begins, due to supersized borrowing programmes created to deal with the coronavirus pandemic, the European Union’s arrival as big issuer and a

UK DMO chief sets out vision for £30bn green bond curve

Building a UK green government bond market would take a minimum issuance of about £30bn and “some time” for the UK to establish a benchmark size for the market, according to the head of the

Investor group slams Ancestry voting cap term

The European Leveraged Finance Association, a trade body of investors, has slammed terms in the $1bn buyout bond for Ancestry.com which cap investor voting rights, hoping to stop the new feature in its tracks and

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