Luxembourg plans first European sovereign sustainable bond
The Grand Duchy of Luxembourg has become the first European country to publish a sustainability bond framework and has mandated banks to prepare a debut deal in the format.
The Grand Duchy of Luxembourg has become the first European country to publish a sustainability bond framework and has mandated banks to prepare a debut deal in the format.
Industrial and Commercial Bank of China used its Singapore arm to raise more than planned from a dual-tranche bond on Tuesday, taking a total of $1.8bn after tightening pricing by 40bp on both portions.
Singapore’s DBS has become the latest foreign bank to receive approval for a majority-owned securities joint venture (JV) in China, as the country continues to open up its financial markets.
Bankers in China have raised concerns around regulating Ant Group, which is gearing up for a mammoth dual listing in Hong Kong and the Star board. Although the Alibaba Group Holding-backed firm calls itself a
Posted by Andrew Nussbaum, Steve Cohen, and Karessa Cain, Wachtell, Lipton, Rosen & Katz, on Saturday, February 8, 2020 Editor's Note: Andrew J. Nussbaum, Steven A. Cohen, and Karessa L. Cain are partners at Wachtell, Lipton, Rosen
Philip Hertlein resigned from his job as head of SSA syndicate and origination at LBBW on Tuesday. In his absence, the team has been bolstered by Oliver Franke, who joins the bank from Crédit Agricole.
Banks backing Cinven, KKR and Providence’s take-private of MasMovil have boosted the size of the euro loan tranche in the market this week by €500m, cutting down the planned bond which will fund the remainder
Moody’s Investors Service downgraded the government of India to Baa3 from Baa2 on Monday, triggering bonds from the country to widen in the secondary market.
Posted by Francis J. Aquila, Melissa Sawyer, and John L. Hardiman, Sullivan & Cromwell LLP, on Wednesday, January 22, 2020 Editor's Note: Francis J. Aquila, Melissa Sawyer, and John L. Hardiman are partners at Sullivan
Posted by Elizabeth Pollman (University of Pennsylvania), on Tuesday, January 14, 2020 Editor's Note: Elizabeth Pollman is Professor of Law at University of Pennsylvania Law School. This post is based on her article, recently published
The UK Municipal Bonds Agency on Tuesday withdrew a planned bond sale for Warrington Borough Council as a result of the Public Works Loan Board’s decision last week to cut its lending rate by 100bp.
UzAuto Motors, a car maker owned by the Uzbek government, has raised its debut syndicated loan from European lenders. The deal is one of many over the last year that have opened Uzbekistan’s borrowers up
In calls with the UK Debt Management Office on Monday, the majority of Gilt-edged Market Makers (GEMMs) and some Gilt investors called for the UK to launch a new conventional bond maturing in either 2046
Singapore banking veteran Eric Lian has returned to UOB in a senior position after a stint at OCBC.
Chinese firm Dada Nexus has launched a follow-on offer of its Nasdaq-listed American depository shares (ADS). The deal could raise around $521.6m.
The proposed European Distribution of Debt Instruments (EDDI) project as a one-stop synchronised front to back office platform for the eurozone bond markets is unlikely to come to fruition, with the focus now centred on
Bank of America has promoted Jeff Tannenbaum, its head of debt capital markets and leveraged finance EMEA, to head of global capital markets for the region.
Two senior officials who have been central to the European Investment Bank’s transition to greener lending and rebranding as the EU’s ‘climate bank’ are leaving, prompting a reshuffle of the management committee.
The UK Debt Management Office has chosen the banks to lead the first ever 15 year Gilt to be sold via syndication, which will hit the market next week
Chinese smart electric vehicle maker Nio has raised $1.5bn in fresh equity after increasing its follow-on offering of American Depository Shares (ADS).
