Saturday, 16 December 2017

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  • 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.

  • Security guards ride past a China Unicom office in Beijing.

    China Unicom gets US$12bn fundraising back on track

    China Unicom is pressing ahead with a landmark equity fundraising plan that will set a precedent for the introduction of private capital into state-owned enterprises, after receiving a critical waiver from regulators.

  • Norske Skog sign

    New board shelves Norske Skog recap

    Norske Skog’s protracted debt restructuring looks set to drag on even longer after the paper producer abandoned the planned launch of revised proposals at last Thursday’s extraordinary general meeting, after new directors joined the board.