BoCom debuts new AT1 format in dollar market
Bank of Communications Co raised $2.8bn from a Basel III-compliant additional tier one (AT1) capital bond on Wednesday, introducing a new perpetual bond format for Chinese banks.
Bank of Communications Co raised $2.8bn from a Basel III-compliant additional tier one (AT1) capital bond on Wednesday, introducing a new perpetual bond format for Chinese banks.
A handful of borrowers have been forced to close smaller loans than expected recently amid waning interest from lenders. While bankers insist there is still plenty of liquidity, debut credits and infrequent borrowers are feeling
Société Générale was set to launch a popular additional tier one deal in the dollar market on Thursday, as investors spied an opportunity to gain a little pick-up over other French bank credits.
Renewed concerns over Chinese chipmaker Tsinghua Unigroup Co’s debt repayment abilities led to sharp drops in its onshore and offshore bonds this week. Addison Gong reports.
Gland Pharma has completed India’s largest pharmaceutical IPO, a Rp65bn ($870.6m) deal that sailed through on demand from institutional accounts. But the issuer’s Chinese ties and a wobble in pharma stocks blunted retail investor interest.
Market euphoria following news of Pfizer’s potential Covid vaccine created a perfect window for lead banks Barclays and Jefferies to sell out of a bridge loan for UK fitness chain PureGym, which they had held
The SSA market faced unprecedented challenges in 2020. Funding requirements were inflated by unexpected needs from the pandemic, and the market was busier than ever thanks, in no small part, to the EU’s entrance as
In the wake of a continent-wide recession, a recovery designed and financed largely by Africans is well within reach
New boss Rathi seeks a chief operating officer to help him navigate a changing City of London post-Brexit
The EU Summit on Thursday swiftly produced agreement on the bloc’s multi-annual financial framework, including the €750bn coronavirus recovery fund. Though the news is good, particularly for the European periphery, the move in spreads has
US Labor Department rule on impact investments was opposed by asset managers
A group of eight venture capital firms are creating a €1bn fund to invest in homegrown cybersecurity companies over five years
Dow Jones journalists win clutch of prizes at State Street’s UK Institutional Press Awards
Fugro, the Dutch geo-data specialist, has completed its €197m rights issue, a key proponent in a large refinancing package that resolves longstanding issues around debt maturity.
BWK has acquired a minority stake in Germany-based clock and watch producer Qlocktwo.
German payments giant Wirecard went bust earlier this year after a major accounting scandal, in which the company said it had found a €1.9bn hole in its accounts
Four private equity majors have been shortlisted by fellow buyout house Advent as it looks to sell Dutch medical supplier Mediq in a deal which could exceed €1bn.
Euro Vital Pharma, a portfolio company of Capiton, has acquired UK-based consumer healthcare business Principle Healthcare Group.
Speedinvest has held a first close for its second early-stage Network Effects fund on €33m.
Global buyout giant Carlyle has bought into health and beauty products online retailer Pharmapacks to value the business at about $1.1bn.
