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.
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.
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
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
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
Thai express delivery company Kerry Express launched its IPO this week, aiming to raise up to Bt8.4bn ($278.2m) in proceeds.
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,
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.
Chinese state-owned electricity company China Huaneng Group Co sold two tranches of perpetual bonds on Wednesday, raising $1bn.
The ECB calmed investors’ fears last week promising more stimulus to compensate for pandemic-related shocks. But but despite this, purchasing under the Pandemic Emergency Purchase Programme (Pepp) has dropped to its slowest rate ever.
Ask any debt banker in Asia about 'the Chinese bid' and they will tell you how dramatically demand from the country has transformed the dollar bond market. But a handful of recent deals from the
Beijing Hyundai Auto Finance decided to try a revolving structure for its Rmb4bn ($597m) return to the asset-backed securitization market in China, getting an around two times subscribed book.
New Oriental Education & Technology Group is set to raise HK$10.1bn ($1.3bn) as it guides investors toward final pricing for its secondary offering in Hong Kong.
The Chinese central bank and the banking and insurance regulator plan to increase oversight on the booming domestic online micro-lending market, in a bid to curb risks in the sector. The two are also among
Indonesian instant noodle maker Indofood CBP Sukses Makmur has closed syndication of its $2.05bn-equivalent acquisition loan. The allocations are expected to be out in the next few weeks.
Commodity trading company Glencore Agriculture is tapping the Asian loan market liquidity. It has invited banks to join a $300m borrowing.
Posted by Gail Weinstein, Brian T. Mangino, and Amber Banks (Meek), Fried, Frank, Harris, Shriver & Jacobson LLP, on Tuesday, March 10, 2020 Editor's Note: Gail Weinstein is senior counsel, and Brian T. Mangino and Amber Banks
Green bonds are becoming the rule, rather than the exception, for Europe’s sovereigns with two more debuts this week. Covid-19 has delayed others from entering the market but the instruments are now well and truly
Japan’s Mizuho Financial Group came to the dollar market with a $2bn trade on Tuesday as it jumped ahead of the September funding rush.
Covered bond issuers were urged to do their toughest covered bond trades in the wake of an outstanding result on Thursday for Sumitomo Mitsui Banking Corporation, which attracted a deeper and broader range of higher
HSBC might be in the middle of a big restructuring, but that isn’t stopping plans to develop mid-market M&A efforts in France, Germany and Asia as well as the UK, writes David Rothnie. The bank
