The success of Spain’s 30-year bond, the kingdom’s first trade at the tenor in nearly two years, was the latest sign of how comfortable investors are buying peripheral sovereign paper as fears recede that this segment will be hardest hit when the ECB’s quantitative easing ends.
The Republic of Indonesia issued the first Green sovereign bonds from Asia on Thursday, driving awareness of environmentally conscious investments in a region that has lagged the rest of the world.
The challenge for Stuart Gulliver when he became CEO of HSBC at the start of 2011 was to shake off a moniker that was increasingly being used for the bank - How Simple Became Complicated.
Siemens Healthineers kicked off its jumbo Frankfurt float on Monday with bankers talking up hopes that the listing of such a high quality and large business will rouse a European IPO market that has floundered so far this year.
The pipeline of share sales from India’s state-owned banks is in tatters after an alleged US$1.8bn fraud at the country’s second-biggest public sector bank revived concerns over bad loans and corporate governance in the sector.
A flurry of huge US acquisitions is pushing high-grade M&A lending to early year highs as blue-chip firms take advantage of US tax reform and try to fight off the threat of online retail giant Amazon.
Market experts have dubbed the market movements which saw the Cboe market volatility index jump from 17 to 50 in the first few trading days of this month the “February funk” after the heightened volatility proved extremely short lived.
Ailing US vitamin and supplement retailer GNC Holdings has sweetened the terms of a complex amendment to its existing credit agreement to extend a looming March 2019 debt maturity and finally secured an agreement on Friday, after early consents from lenders fell short of a required threshold.
Details of the US$13.5bn loan and bond financing backing US private equity firm Blackstone Group’s acquisition of a majority stake in Thomson Reuters’ Financial and Risk unit are emerging.
US grocery giant Albertsons moved a step closer to finally securing a listing by agreeing to merge with publicly traded drug store chain Rite Aid in a US$22.5bn tie-up of troubled retailers.