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Friday, 26 May 2017

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  • Bumi

    Bumi workout nears finish line

    Bumi Resources, the Indonesian coal miner controlled by the influential Bakrie family, is nearing the finish line on a restructuring that will cut its debt by more than 50%.

  • Australian Securities Exchange

    Officeworks shelves ASX IPO

    By Robert Hartley

    Australia’s equity capital markets suffered another hammer blow last week when office products retailer Officeworks cancelled an IPO that had been expected to raise A$1.4bn (US$1bn).

  • Italy's largest bank UniCredit is pictured in downtown Milan

    UniCredit overhaul pays dividends on AT1s

    UniCredit has taken another step on its long road to rehabilitation, pricing its first public Additional Tier 1 trade in almost three years, in a signal that capital concerns have been laid to rest after a top-to-bottom overhaul of the struggling Italian bank.

  • UBS logo

    Singapore pain as GIC's loss on UBS tops US$4bn

    Singapore sovereign wealth fund GIC is facing a loss in excess of US$4bn on its emergency investment in Swiss bank UBS nine years ago, according to IFR calculations.

  • European Central Bank (ECB) headquarters

    ECB publishes final lending guidelines

    The ECB has published its final guidelines to rein in risky lending practices among banks, mirroring rules already introduced in the US in 2013.

  • Lehman

    Court awards £5bn to Lehman claimants

    Claimants against Lehman Brothers’ main European arm will receive at least £5bn in interest payments on top of previously awarded claims, after the UK’s most senior court ruled they should receive the statutory interest that has built up over the past eight years.

  • Senegal flag

    Senegal at the vanguard of African risk

    By Robert Hogg

    The search for yield reached another level on Tuesday after Senegal got more than US$8bn of demand for its first bond in three years, paving the way for investors to reappraise other African sovereigns.

  • Citi sign

    Citigroup launches 'credit VIX'

    Citigroup has launched a credit equivalent of Wall Street’s “fear gauge” that is intended to provide an accurate metric for risk aversion in the asset class.

  • An investor monitors stock market prices at a trading gallery

    Sudden block frenzy hits Europe

    Europe has just enjoyed its busiest week for block trades since December 2014, with issuers coming to market for a total of just over US$5.1bn across 12 accelerated bookbuild transactions in the past seven days.

  • Turkish F1 Grand Prix at the Istanbul Park circuit in Istanbul

    Formula One accelerates under new owners

    CVC has led a group of shareholders selling down their exposure to Formula One, just as new owner Liberty Media overhauls the business of the race series to maximise returns. The US$1.24bn follow-on of Liberty Media shares also included a primary portion that will repay some of the debt incurred in the US$4.4bn acquisition completed in January.

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