Political unrest has cast doubts over stock market listings for the foreseeable future in Hong Kong, including the secondary listing of up to US$15bn from Chinese e-commerce giant Alibaba Group.
US corporates must feel like mangling the lyrics of the Byrds - “there is a season, churn, churn, churn” - as demand for bonds even at the height of summer spurs supply at a solid pace despite market volatility and the self-inflicted political chaos.
Swedbank secured a blowout for its first Additional Tier 1 since being caught in a money laundering scandal, driven in part by a desperate hunt for yield by credit investors.
Investment banks and investors are preparing for the worst ahead of the October 31 Brexit deadline, as the industry faces up to the prospect of the UK leaving the European Union without a deal.
The We Company, the flexible office space provider better known as WeWork, is forging ahead with plans to go public next month despite a wall of scepticism rivalling even that surrounding the much-maligned debut of Uber Technologies in May.
Investors are once again facing the possibility of a major restructuring Argentina’s debt as markets price in the potential return of a populist president come the election in October.
The promise of the largest IPO in history has banks once again competing to win roles on Saudi Aramco’s flotation, two years after it was last mandated.
Mozambique has yet to publish formal documentation and appoint bookrunners for its proposed exchange offer prompting fears the restructuring of its US$727m 10.5% 2023 notes may be delayed until after the African country’s presidential and parliamentary elections on October 15.
The warning signs for General Electric debt are flashing once again, even after an inflammatory report accusing the storied US industrial company of hiding US$38bn in accounting fraud was found to be overblown.
Credit Suisse is making 10 hires in its International Trading and Solutions unit, a further sign of the growth potential senior management sees in cross-selling products from its investment bank to its large roster of high-net worth clients.
Chinese issuers change their bookrunners in the middle of bookbuilding for G3 bond sales more than a quarter of the time, IFR research has shown.