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Friday, 19 October 2018

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  • People walk past a major branch of HSBC at the financial Central district in Hong Kong, China.

    HSBC ponders China listing – again

    HSBC is considering issuing Chinese depositary receipts through the Shanghai-London Connect scheme, potentially making it the first company to issue CDRs under the new trading link as regulators gear up for its launch by year-end.

  • A view shows the Standard & Poor's building in New York's financial district.

    S&P flags 'Titanic' LGFV risks

    Offshore bond supply from Chinese local government financing vehicles continued to ramp up last week, despite a warning of rising default risks in the sector from global rating agency S&P.

  • Uber

    Uber's quiet ride into bond market paves way for IPO

    Ride-hailing service Uber Technologies saw success with its debut bond deal, attracting more than 50 investors to the deal that some see as another stepping stone to going public.

  • Kazatomprom.jpg

    EM IPOs try their luck

    Emerging market companies now dominate live EMEA IPOs as issuers in developed markets have largely postponed flotation plans amid difficult markets. The high proportion of EM deals is unusual as such transactions typically have the lowest chance of success in periods of volatility.

  • Berkshire Hathaway

    StoneCo's IPO gets Buffett boost

    Warren Buffett’s Berkshire Hathaway will take nearly one-third of the shares offered as part of fast-growing Brazilian payments processor StoneCo’s US$1.1bn Nasdaq IPO. The anchor order has shored up the deal amid signs that the US new issue window may be closing.

  • Disney bonds

    Disney surprises market with early debt exchange

    Media giant Walt Disney caused a stir in the market with a complex debt exchange that might have left investors holding illiquid debt for months if they had not pushed back.

  • An Italian Army parachutist hoists Italian flag during the Republic Day military parade in Rome

    Italy stays at home as volatility flares

    The Republic of Italy turned to the safety of its domestic retail market to raise funding last week, as the volatility that has stalked markets for weeks showed little sign of letting up.

  • A Turkish flag is pictured on a boat with the Bosphorus bridge in the background

    Turkey chooses cautious comeback

    Turkey passed a major test with its comeback trade to the international bond markets on Tuesday, though bankers were puzzled by the choice of a five-year tenor, which was seen as defensive.

  • Saudi Aramco

    Aramco loan on ice amid Saudi backlash

    A US$50bn-$70bn loan to back oil and gas giant Saudi Aramco’s purchase of a stake in Sabic is expected to be put on ice after the disappearance – and apparent murder – of a Saudi journalist erupted into a political row and hit the investment climate in the kingdom.

  • A truck transports a shipping container at Qingdao port in Shandong province, China.

    Lenders braced for trade war

    By Prakash Chakravarti, Yan Jiang, Apple Lam

    International lenders are taking the vetting of potential Chinese borrowers to previously unheard of lengths as the US-China trade war intensifies, dealing a further blow to already flagging syndicated loans to China.

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