Business Services
ESO Capital backs coronavirus-resilient business services company

ESO Capital backs coronavirus-resilient business services company

The firm took a minority stake in Churchill Group, which provides businesses with cleaning, security, catering, and environmental consultancy services in the UK

Oil and Energy
Private credit weighs risks and opportunities in market turmoil

Private credit weighs risks and opportunities in market turmoil

The private credit industry has some $271bn in capital available to invest as of March, according to data provider Preqin

Fintech and Finance
SWFI releases global asset owner survey for March 2020

SWFI releases global asset owner survey for March 2020

Opalesque Industry Update - SWFI's latest survey data for Q1 2020 has been compiled and is ready for release. SWFI secured business intelligence from CIO's, Strategists, Economists, and Portfolio Managers from central banks, sovereign wealth

Banking Profiles
Opalesque Exclusive: Healthcare private equity posts highest ever deal value in 2019

Opalesque Exclusive: Healthcare private equity posts highest ever deal value in 2019

Bailey McCann, Opalesque New York: Healthcare private equity had a robust 2019. Total disclosed deal value reached $78.9 billion, the highest on record, and the deal count of 313 was in line with the 316

Pharma and Healthcare
AMB :- Opalesque Exclusive: Healthcare private equity posts highest ever deal value in 2019

AMB :- Opalesque Exclusive: Healthcare private equity posts highest ever deal value in 2019

Bailey McCann, Opalesque New York: Healthcare private equity had a robust 2019. Total disclosed deal value reached $78.9 billion, the highest on record, and the deal count of 313 was in line with the 316

Europe
SSAs brace for fierce funding competition

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

Software and Hi-Tech
BPCE calls into Samurai market with SNP deal

BPCE calls into Samurai market with SNP deal

BPCE incorporated a call option into one of its Samurai deals for the first time on Thursday, when it raised about $430m equivalent of non-preferred senior paper, including one social leg.

Software and Hi-Tech
Credit Suisse finds window for record low AT1 print

Credit Suisse finds window for record low AT1 print

Credit Suisse took advantage of a ferocious rally in subordinated debt to land its lowest ever coupon for an additional tier one (AT1) in dollars this week. The deal was also the Swiss bank’s debut

Software and Hi-Tech
Finland drops Moody’s from solicited credit ratings

Finland drops Moody’s from solicited credit ratings

Finland has cut the number of its solicited credit ratings from three to two after removing Moody’s, leaving the sovereign with scores from Fitch and S&P Global.

Europe
Investor group slams Ancestry voting cap term

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

Europe
EU contemplates ‘nuclear option’ for recovery fund

EU contemplates ‘nuclear option’ for recovery fund

The European Commission is considering a way to proceed with its €750bn coronavirus recovery fund that will exclude Hungary and Poland. The two countries have stood firm in their opposition over the idea that receipt

Event
Houses, hydrogen and HGVs: priorities for the new UK infra bank

Houses, hydrogen and HGVs: priorities for the new UK infra bank

The UK's national infrastructure bank set to be launched by the government could focus on a range of green investment opportunities, including setting up a scheme like the US's Property Assessed Clean Energy (PACE) model.

Oil and Energy
Hedge fund Solus shutting flagship fund, citing coronavirus turmoil

Hedge fund Solus shutting flagship fund, citing coronavirus turmoil

Firm suspends withdrawals, saying turbulence caused by the pandemic has made it difficult to raise cash to fulfill those requests by selling holdings

Software and Hi-Tech
Covid ruins dance clubs, DCM shindigs

Covid ruins dance clubs, DCM shindigs

In Hong Kong, it seems it only takes one septuagenarian ballroom dancer to cause a massive spike in coronavirus cases. But funding officials can be almost as dangerous.

Software and Hi-Tech
Xiaomi makes a splash with $4bn CB/top-up

Xiaomi makes a splash with $4bn CB/top-up

Smartphone maker Xiaomi Corp pocketed $3.96bn this week from a record top-up placement and concurrent convertible bond issue. Investors flocked to the transaction for its rarity value, investment grade rating and the offer of a

India
Volkswagen ends dim sum hiatus despite tight year-end liquidity

Volkswagen ends dim sum hiatus despite tight year-end liquidity

Germany’s Volkswagen ended an absence of almost seven years from the offshore renminbi bond market this week, braving a year-end dip in liquidity to seal a Rmb1bn ($153m) deal. It offered yet another diversification opportunity

Fintech and Finance
Asian banks get ahead of Libor transition with switch doc, RFR templates

Asian banks get ahead of Libor transition with switch doc, RFR templates

A possible delay to the final retirement of Libor as the benchmark lending rate on dollar loans is set to offer banks and borrowers a bit more breathing room to make the transition. But in

Event
Kerry Express launches $278m Thai listing

Kerry Express launches $278m Thai listing

Thai express delivery company Kerry Express launched its IPO this week, aiming to raise up to Bt8.4bn ($278.2m) in proceeds.

Large
Philippines sets new records in dollars

Philippines sets new records in dollars

The Republic of the Philippines sold its largest international bond in more than a decade this week, raising $2.75bn from a deal that received strong support from investors confident about the country’s control of Covid,

Software and Hi-Tech
Hong Kong’s Airport Authority flies away with $1.5bn perpetual

Hong Kong’s Airport Authority flies away with $1.5bn perpetual

Investors took a long-term view on Hong Kong Airport Authority’s $1.5bn perpetual bond on Tuesday, shrugging off any Covid-19 related travel concerns to place $14.5bn of orders. Morgan Davis reports.

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