Hong Kong’s decision to allow dual-class share listings is paying off even before the rules are introduced, with a growing number of Chinese technology companies already seriously looking at IPOs in the city.
Telecoms giant Altice returned to the debt market last week to finance the spin-off of its US unit, making an effort to appease both wary banks and disgruntled shareholders.
Oman raised the equivalent of 10% of its GDP in the bond market on Wednesday, financing a hefty chunk of its burgeoning deficit in one swing despite a volatile rates backdrop.
Chinese internet giant Tencent Holdings has printed its largest offshore bond to-date, raising US$5bn in four tranches as hot demand from US investors, due in part to the effects of US tax reform, helped it reprice its curve.
The first LatAm-to-US IPO of the year is a big one with PagSeguro Digital’s float expected to total US$1.9bn.
Deutsche Bank’s warning that fourth-quarter trading revenues will fall 22% was accompanied by something even more worrying for its investors: costs are no longer falling.
With the end of cheap government funding, UK banks’ need to optimise assets used for funding coupled with new ring-fencing rules will lead to increased RMBS this year, with previously mothballed programmes set to rejoin regular issuers that never went away.
A deal for the company that owns online property platform Zoopla – Europe’s first high-yield bond issue of the year – showed appetite for convincing UK consumer names despite the turmoil faced by several retailers last week.
The Emerging Markets Traders Association last week in effect joined the chorus of voices calling a credit event in Venezuela when it recommended that sovereign bonds trade flat – the way defaulted debt is typically priced.
China’s Panda bond market welcomed its first Japanese issuers last week against the backdrop of improved diplomatic relations between the two countries.