The US Office of the Comptroller of the Currency (OCC) is urging local officials to ease their Covid-19 lockdown measures, warning that some banks are now suffering delinquency rates in the mid-double digits on their
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.
The transaction is expected to close in the first quarter of the year
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
In the future, every stock, every bond, every currency, every commodity and more assets will be digitized and cryptographically secured on a blockchain. But, not only that: whoever is first to issue the digital currency
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
Europcar is one of the first large companies to restructure with a big state-backed Covid-19 rescue loan in its capital structure. But the planned scheme, proposed to creditors last week, leaves the guaranteed loan untouched,
Europcar is one of the first large companies to restructure with a big state-backed Covid-19 rescue loan in its capital structure. The planned scheme, proposed to creditors last week, leaves the guaranteed loan untouched, which
ICE Benchmark Administration Limited (IBA), the administrator for Libor, will consult on its intention to cease the publication of the majority of dollar Libor rates after the end of June 2023, 18 months later than
Home appliance retailer Vesync has started pre-deal investor education for its Hong Kong IPO, which is expected to raise around $200m, according to a source close to the deal.
Chinese toy company Pop Mart International Group has launched its IPO, looking to fund expansion with up to HK$5.2bn ($674m) in fresh capital.
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.
Genius Auto Finance Co, a joint venture between Geely Automobile Holdings and BNP Paribas Personal Finance, is readying a Rmb4.04bn ($614m) Generation 2020-4 retail auto loan securitization. Pricing is expected later this week.
The Executive Centre, the Hong Kong-based co-working space operator, has relaunched its $180m five year loan after suspending syndication earlier this year due to the outbreak of Covid-19.
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.
