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Category: Software and Hi-Tech

Bill and Melinda Gates' Divorce Has a Lot at Stake

The split of Bill and Melinda Gates raises questions about the fate of their vast fortune.

BoE keeps stimulus pumping but sets out taper plan

Despite high inflation readings, the Bank of England’s monetary policy committee voted to keep up its purchases of UK government bonds at its meeting on Thursday. The MPC did offer some guidance on when the

Northern Territory Treasury Corporation extends curve

The Northern Territory Treasury Corporation hit the market with a 31 year trade on Wednesday, extending its curve by nine years.

US Treasury sets out quarterly funding plans as debt ceiling returns

The US Treasury has announced its borrowing schedule for the third and fourth quarters of 2021 but there is considerable uncertainty hanging over the its funding following the reinstatement of the US debt limit.

Xinte Energy nets HK$1bn through primary placement

Mainland-based Xinte Energy Co raised HK$1.03bn ($132.4m) on Wednesday by selling a block of new H-shares, its debut equity issue.

Small Chinese banks go on funding spree amid rising pressure

China’s regional lenders have been busy tapping both the onshore equity and debt markets for capital this year, but a slew of recent rating downgrades serve as a warning that the pressure facing the country’s

Hyundai unit taps CNH liquidity for Rmb700m

Hyundai Capital Services sold a three year bond denominated in offshore renminbi this week, raising Rmb700m ($108m) at an attractive level versus its existing dollar funding.

EV maker Li Auto charges up HKEX with secondary listing

US-listed hybrid electric vehicle maker Li Auto launched a billion-dollar listing in Hong Kong this week, providing a much-needed boost for the bourse after a spate of announcements from China’s regulators brought deal flow to

Keeping it simple: on the first day of a new job

They say it takes three seconds to form an opinion of someone. So, naturally, it’s important to make a great first impression.

Liberum unveils new look support services, industrials team

Liberum has hired Nicholas How from Peel Hunt to oversee its support services and industrials investment banking team, which includes two other new faces.

ICMA wants to unite bonds, derivatives in common code

A new level of harmonisation and simplicity in financial markets communication is on the horizon, according to supporters of the Common Domain Model — a coding framework that will allow bonds, repos and derivatives to

Summit Digitel sparks interest with maiden bond

Indian telecommunications company Summit Digitel Infrastructure made its debut in the dollar market this week, appealing to investors in the US and Europe that were keen to buy highly rated notes.

LGFVs hit the dollar market

Two Chinese local government financing vehicles courted offshore investors on Wednesday to raise a combined $450m.

SSA trading looks good for France with next EU deal in sight

Sentiment in the sovereign, supranational and agency sector was broadly supportive on Monday ahead of a smaller than expected 30 year OAT sale on Tuesday and, more importantly, the European Union’s next slug of issuance

Citi brings in UBS banker as head of Italian investment banking

Citi has hired a senior investment banker from UBS to take over as investment banking head for Italy from Leopoldo Attolico, who is moving into a vice-chairman role.

Small syndicates for Morrisons bids open possibility for rival offers

Only HSBC and RBC Capital Markets are underwriting Fortress’s £9.5bn bid to take UK supermarket chain Morrisons private, while only Morgan Stanley is advising Apollo on its potential rival bid. This leaves plenty of scope

France preps new 30 year line

France is preparing a 30 year OAT syndication, capitalising on a market that seems eager for paper that has snapped up an EFSF tap with an order book more than eight times subscribed.

Yahsat entices funds with compelling yield

The IPO of Al Yah Satellite Communications Co, the Abu Dhabi satellite company, is covered throughout the initial price range, on a 30% deal size, according to sources close to the deal.

NatWest, Natixis rejoin EU dealer list in time for third NGEU deal

The EU Commission has requested proposals for a benchmark bond expected to be priced in the week commencing July 12, having restored NatWest Markets and Natixis to its list of eligible dealers.

China internet regulator targets Didi, FTA, Kanzhun

China’s cybersecurity task force has ordered online platforms Full Truck Alliance (FTA) and Kanzhun, both recently listed in New York, to stop signing up new users. The move came immediately after the regulator ordered ride-hailing

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