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Sunday, 22 October 2017

Top News

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  • Puerto Rico

    Puerto Rico recovery plan miffs creditors

    Puerto Rico is counting on US federal aid to rebuild after a massive hurricane ripped the island apart - but that could leave more than a few bondholders unhappy.

  • Mexican national flag

    Alfa balks at investor bid for Sigma IPO

    Mexican conglomerate Alfa pulled the plug on the up to US$1bn spin-off of its food division Sigma Alimentos on Wednesday rather than accept what it viewed as a cut-rate valuation.

  • Saudi Arabian flag

    Saudi sequel is box office hit

    The sequel to Saudi Arabia’s record-breaking debut trade may have lacked the wow factor of last year’s premiere, but the sovereign still managed to raise US$12.5bn at tight spreads against a jittery backdrop in Treasuries.

  • Pirelli

    Investors pile in to European IPOs

    Confidence is high in EMEA ECM after the first batch of European IPOs to launch after the summer break were successfully completed, featuring the biggest IPO of the year, early coverage on multiple deals and even top of the range pricings. The crucial caveat is that the two Italian IPOs - Pirelli and GIMA TT - have yet to start trading.

  • Greenwich Associates logo

    Swap optimisation promises capital savings bonanza

    Banks could make billions of dollars in capital savings and increase profitability by optimising their interest rate derivatives portfolios for the new regulatory environment, according to a new study from Greenwich Associates.

  • Caesars/Reuters

    Hail Caesars! Casino giant back in the game

    Casino giant Caesars got a hearty welcome back to the bond markets last week, ending a three-year hiatus after one of the most acrimonious investor battles in recent memory.

  • ZhongAn swamped on Hong Kong IPO

    ZhongAn swamped on Hong Kong IPO

    The first major financial technology IPO in Hong Kong has drawn overwhelming demand from both institutional and retail investors, showing the city’s ability to support high valuations for new-economy companies.

  • Dalian Wanda Group's Wanda Plaza building is pictured in Beijing, China.

    Lenders weigh Wanda options

    By Yan Jiang

    Offshore lenders to Dalian Wanda Group met twice this month to discuss their options, sources said, in a sign of growing concern over the Chinese property-to-entertainment giant’s overseas debts.

  • A Hapag-Lloyd container being loaded

    Debt-laden Hapag-Lloyd to launch US$400m rights issue in days

    Hapag-Lloyd will launch its US$400m rights issue in the next few days, as the shipping giant seeks to bring down debt that has ballooned as a result of its merger with Middle East peer UASC.

  • APP heads back to debt market

    APP heads back to debt market

    Asia Pulp & Paper, the group behind Asia’s biggest corporate default, is looking to sell US dollar bonds for the first time since 2001 as it seeks to rebuild relationships with international investors.