Saturday, 21 October 2017

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  • Micron Technology headquarters

    Micron loads up with US$1.2bn stock sale

    Micron Technology surprised investors with an upsized US$1.2bn stock sale that strengthens the memory chipmaker’s balance sheet and preserves offshore cash should long-awaited US tax reforms put in place a repatriation holiday.

  • Novo Banco headquarters in Lisbon

    Forgive and forget? Novo Banco plans €400m Tier 2

    Novo Banco is planning to raise €400m of Tier 2 capital in the market, which would be its first bond issue since a rescue package was agreed earlier this year.

  • ASR Nederland headquarters

    RT1 makes smooth entry into bond market

    ASR Nederland’s milestone €300m Restricted Tier 1 bond has rallied strongly in secondary, carving out a path for further issuance even if supply expectations remain limited.

  • Votorantim likes sound of heavy metal

    Brazilian conglomerate Votorantim is spinning off its zinc-mining unit, taking advantage of surging demand for the heavy metal with an up to US$650m IPO for subsidiary Nexa Resources.

  • Tupras blitzes through sovereign

    Tupras surprised even its lead bankers after overcoming an escalating spat between President Erdogan and the US government, its own commercial links with Iran, and a tragic accident at one of its storage facilities to sell its first dollar bond in five years.

  • A woman makes a transaction at an ATM outside a Eurobank branch in Athens

    Eurobank the next Greek bank bearing bonds?

    Eurobank could be the next Greek lender in line to return to the capital markets after a well-received covered bond issue from National Bank of Greece, seen as a first step towards achieving sustainable capital markets funding for the country’s banking system.

  • Eurex steps up clearing effort with profit share

    Deutsche Boerse has stepped up its bid to build liquidity in its interest rate swap clearing business and loosen LCH’s dominance with a programme that awards its most active members with a portion of the collected fees.

  • Qudian builds early momentum

    Qudian builds early momentum

    Online microlender Qudian has drawn strong early support for its NYSE listing as it looks to raise up to US$825m in the biggest US IPO from China’s financial technology sector.

  • A woman sews the national flag of India at a state-run workshop in Guwahati

    GIC Re courts wary investors

    State-owned reinsurer General Insurance Corp of India is demanding a high valuation for its Rs113.7bn (US$1.74bn) IPO, despite fears that the weak performances of recent listings from the insurance sector might deter individual investors.

  • North Korea's leader Kim Jong Un makes a statement regarding U.S. President Donald Trump's speech at the U.N. general assembly, in this undated photo released by North Korea's Korean Central News Agency

    Missiles rattle South Korean issuers

    Global investors are showing signs of pushing back against offshore bonds from South Korea, as North Korean missile tests and threats from the US raise fears of a military clash.