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Monday, 15 October 2018

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  • SolarWinds logo

    SolarWinds blows into tougher IPO market

    Sponsor-backed software company SolarWinds is poised to return to public markets via a US$750m-plus NYSE IPO, but it comes as a US stock market downturn is threatening to derail the new-issue market.

  • BoE

    Will investors learn to love Sonia?

    The sale of £3bn of Sonia-linked sterling paper since the summer suggests a rapid move to a post-Libor fixed-income market, but these instruments’ poor secondary liquidity highlights the chasm between the regulatory-inspired zeal to move towards new benchmarks and the lack of the necessary market infrastructure.

  • Aston Martin

    Shorting and quality are the focus of UK IPO inquest

    Bankers and investors remain frustrated and baffled by the performance of the recent UK IPOs of Aston Martin Lagonda and Funding Circle, yet the inquest into how two apparently hot deals went so wrong has been overtaken by events as falling equity markets threaten the survival of all live IPOs.

  • SoftBank Group Corp Chairman and CEO Masayoshi Son speaks during their joint news conference with Toyota Motor Corp President Akio Toyoda (not pictured) in Tokyo, Japan.

    Date set for SoftBank mobile IPO

    By Candy Chan, Miho Ozawa

    SoftBank Group plans to kick off the mammoth IPO of its Japanese mobile phone subsidiary in November to raise over ¥2trn (US$17.6bn), in what could be the country’s largest ever listing.

  • People visit the Bund in front of Shanghai's financial district of Pudong in Shanghai, China.

    China readies US dollar bond return

    A US$3bn sovereign bond offering from the People’s Republic of China is set to dominate attention this week even as US-China trade tensions cast a shadow over the new issue.

  • Children dressed as ninjas pose for a souvenir picture during a ninja festival in Iga, about 450 km (280 miles) from Tokyo.

    Ninja loans climb to 10-year high

    By Wakako Sato

    International companies are raising low-cost, long-term “Ninja loans” in Japan to take advantage of attractive cross-currency swaps and domestic banks’ appetite for high-yielding loans.

  • The Comcast NBC logo is shown on a building in Los Angeles, California

    Comcast allays debt fears to bring second biggest bond of year

    US media giant Comcast (A3/A-/A-) last week came with the year’s second biggest US dollar bond, convincing the buyside that it was different from other issuers who had fallen short on promises to quickly reduce leverage after large acquisitions.

  • The logo of IL&FS (Infrastructure Leasing and Financial Services Ltd.) is seen printed on mugs at its headquarters in Mumbai, India.

    India takes on IL&FS challenge

    India last Monday took the extraordinary step of effectively seizing control of Infrastructure Leasing and Financial Services after a series of defaults by the group caused turmoil in the financial markets.

  • VTB bank logo

    VTB bank deal threatened by London lawsuit

    VTB’s proposed acquisition of a rival Russian lender is facing an uncertain future after a group of bondholders asked a London court to freeze the assets of brothers Dmitry and Alexei Ananyev, the oligarchs who are selling their majority stake in Vozrozhdenie Bank to VTB.

  • A woman walks past the Reserve Bank of India (RBI) head office in Mumbai, India.

    RBI penalty hits Bandhan Bank

    Bandhan Bank, one of India’s best performing IPOs this year, saw its shares nosedive 21% after the Reserve Bank of India unexpectedly sanctioned it for falling short of a regulatory requirement to reduce the stake of its controlling shareholder.