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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Lenders braced for trade war
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.
