Friday, 20 October 2017

Top News

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  • A man and power lines are reflected in a Telstra poster adorning a public telephone in Sydney, Australia.

    Telstra's A$5.5bn ABS plans crumble

    Telstra’s funding programme took a A$5.5bn (US$4.4bn) hit last week when Australia’s largest telecoms company was forced to scrap plans for a securitisation of revenues from the government’s National Broadband Network.

  • Logo of Hong Kong Exchanges & Clearing Ltd

    Hong Kong prepares IPO Connect

    Hong Kong Exchanges and Clearing outlined plans last week for an IPO link with China, building on its existing secondary market trading links with the mainland.

  • NTPC power plant

    NTPC sale comes up short

    India fell short of its ambitious Rs139bn (US$2.2bn) target for the sale of a 10% stake in power producer NTPC last week as bad timing, an uncertain earnings outlook and a lack of international marketing curbed demand.

  • Japanese flag.jpg

    Japanese equity-linked wakes up

    The Japanese convertible bond market burst back to life last week after a five-month hiatus, with two companies raising a combined ¥190bn (US$1.7bn).

  • LEG Immobilien

    Rare eight-year tenor for LEG CB

    European equity-linked is being gently eased back in action with the second issuance of real estate paper inside of a week, as LEG Immobilien brought a rare eight-year convertible bond to market.

  • Otkritie Financial Corporation logo

    Otkritie sub holders sweat it out

    Holders of Bank Otkritie’s subordinated bonds are facing a nervous wait as uncertainty reigns as to whether they will be bailed in after one of the biggest bank failures in Russia’s history.

  • Noble Group logo

    Noble CDS holders kept waiting for ruling

    Holders of Noble Group’s credit default swaps have been left frustrated after a derivatives committee failed to rule on whether or not the Hong Kong-headquartered company had triggered a payout on the instruments.

  • Tajikistan's flag-bearer

    Tajikistan marks a new frontier

    The emerging markets frontier, which has already encompassed a host of esoteric names this year, is set to be stretched further as economically fragile Tajikistan prepares for a debut international bond.

  • US dollar bills

    Jumbo LBOs back in the reckoning

    With bond markets still risk-on and piles of cash looking for a home, the window could again be wide open for jumbo leveraged buyouts, banking and industry sources say.

  • Market raises glass to AB InBev

    AB InBev cheers Aussie market

    Global beer giant Anheuser-Busch InBev quenched Australia’s growing thirst for high-quality corporate debt last week with a A$1.95bn (US$1.54bn) four-tranche bond issue, the third-biggest in the Australian dollar market.