Tuesday, 20 February 2018

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  • Qatar National Bank's head office building in Doha

    Banks rally round Qatar National Bank

    International banks are supporting the refinancing of a US$3bn loan for Qatar National Bank with nine Asian, US and European banks underwriting the deal.

  • trueEX logo

    Banks sign up to truePTS as legal dust settles

    TruePTS, the post-trade processing arm of swap execution facility trueEX, has signed Citigroup and JP Morgan as its first clients. The agreement comes just days after the start-up platform resolved a legal dispute with legacy provider IHS Markit.

  • UniCredit

    UniCredit fights to cut Fino loan exposure

    UniCredit said it had reached an agreement to sell a €990m portion of a €16.2bn portfolio of bad loans to Italian insurer Generali and has lined up more disposals for the first quarter of 2018.

  • Oasis Petroleum logo

    Oasis Petroleum pays up to enter Permian

    West Texas oil production reserves are scarce and expensive, as was shown again when Oasis Petroleum paid up to get into the heart of the Permian Basin with its acquisition of Forge Energy.

  • Detsky Mir

    Block trade cancelled after allocations

    There was a rare example last week of an accelerated trade being cancelled after the shares had already been allocated, when legal action against Russian conglomerate Sistema led to its holding in toy retailer Detsky Mir being frozen hours after a placing.

  • A booth of Lufax is seen during an exhibition in Beijing, China, August 4, 2016.

    Lufax nears IPO as HK pipeline swells

    Chinese online wealth management and peer-to-peer lending company Lufax has set the ball rolling on a Hong Kong IPO that could raise US$3bn–$5bn, even as China takes steps to crack down on consumer finance.

  • Indonesian President Joko Widodo (C) makes a statement on the U.S. recognition of Jerusalem as Israel's capital, at the Presidential Palace in Bogor, West Java, Indonesia.

    Indonesia goes Global with SEC trade

    The Republic of Indonesia capped its return to full investment-grade status with a strong US response to last Monday’s US$4bn Global offering, its first SEC-registered bond issue in more than 20 years.

  • A farmer removes dried plants from his parched paddy field on the outskirts of Ahmedabad, India.

    Banks reject aggressive buyout loans

    Bank lenders to European leveraged loans are increasingly rejecting deals due to aggressive pricing and documentation, but are being quickly replaced by institutional investors targeting higher-yielding term loan B paper.

  • A CVS pharmacy

    CVS lines up US$49bn jumbo loan

    By Lynn Adler

    US drugstore operator CVS Health Corp has lined up US$49bn of loans to back its US$69bn acquisition of health insurer Aetna, supporting the largest corporate merger of the year with the second biggest US acquisition financing on record.

  • Freddie Mac headquarters

    Freddie Mac tunes HARP for new bond deal

    Freddie Mac has sold its first ever securitisation of mortgages from the HARP relief programme that helped underwater borrowers stay in their homes after the financial crisis.