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Sunday, 17 December 2017

Top News

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  • Logo of Germany's Berenberg bank

    Berenberg the Alpha bank

    Germany’s Berenberg has picked up its first sole bookrunner role on a UK IPO, with pre-marketing beginning last Tuesday on a £100m-plus listing for Alpha Financial Markets Consulting, a consultancy serving the asset and wealth management industry.

  • Vienna

    Austria 100-year blows the doors off

    Austria made bond market history last week, bringing the first 100-year eurozone sovereign syndicated trade and pushing the boundaries of the European bond market into uncharted territory.

  • Volatility

    Skew jump reveals equity jitters

    Historic lows on the CBOE’s VIX volatility index continue to defy the most uncertain geopolitical backdrop in decades, but other parameters point to rising investor skittishness as the relative cost of hedging large-scale equity moves ratchets higher.

  • An employee of Japan Post Co collects mail at a post office in Tokyo

    Japan Post schedules second delivery

    The Japanese government is gearing up to launch a giant US$10bn-plus share sale in Japan Post Holdings in the week ahead, despite a volatile share price and the risk of military conflict casting a shadow over the region.

  • Japan and U.S. flags fly outside the White House in Washington

    Japan binges on dollar debt

    Japanese companies are loading up on US dollar bonds at the fastest pace since 1989 as they turn to the global capital markets, rather than banks, to fund overseas expansion.

  • Best

    Best tries to avoid ZTO shadow

    Chinese logistics company Best, which counts Alibaba Group as its largest shareholder, has launched a NYSE IPO of up to US$932m, asking investors to take its high-growth story on trust despite the poor performance of a direct peer.

  • Logo of cable and telecommunications company Altice

    Banks pitch for massive Altice deal

    Bankers are working on debt financings of around US$70bn that would back a potential offer by Netherlands-based telecom conglomerate Altice NV and its US cable unit for US cable operator Charter Communications.

  • Otkritie Financial Corporation logo

    The curious collapse of Russia's Otkritie

    When Kirill Lukashuk and Alexander Proklov put out their view of the creditworthiness of Otkritie in early July, they never imagined the note might trigger a series of events that would push Russia’s largest private bank into a central bank bailout.

  • Flag of Norway

    Big bond changes for Norway megafund

    Norway’s US$990bn sovereign wealth fund, the world’s largest, plans radical changes to its fixed-income portfolio by removing corporate and emerging market bonds and shortening maturities in the benchmark index it uses.

  • Tajikistan's flag-bearer

    Tajikistan marks dynamic debut

    Tajikistan took a hammer to its pricing process for its US$500m 10-year debut trade on Thursday, knocking off 87.5bp from initial levels as investors crammed in to get exposure to the emerging markets’ newest borrower.