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Tuesday, 23 July 2019

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  • Signs of life in India ECM

    Signs of life in India ECM

    Equity financing picked up in India last week with three successful share sales totalling Rs43bn (US$622m) as issuers took advantage of a small window ahead of the federal budget on July 5.

  • Kookmin Bank pioneers Sustainability AT1

    Kookmin Bank pioneers Sustainability AT1

    South Korea’s Kookmin Bank has become the first bank to raise Additional Tier 1 capital through a Sustainability bond, adding to its socially responsible credentials.

  • China eases non-bank cash crunch

    China eases non-bank cash crunch

    The Chinese government is attempting to spur lending to small firms by relaxing financing channels for large securities companies, amid worries that an ongoing credit crunch may still continue.

  • CMB Leasing weathers negative headlines

    CMB Leasing weathers negative headlines

    CMB Financial Leasing returned to the US dollar bond market last week with a US$1bn deal amid reports that a US court had found it in contempt over a probe into sanctions violations.

  • Weibo bonds jump after dollar debut

    Weibo bonds jump after dollar debut

    Weibo, China’s popular Twitter-like social media network, saw its debut US$800m bond jump sharply higher after pricing last Wednesday as investors chased a rare credit from the country’s technology sector.

  • Sri Lanka finds loyal support

    Sri Lanka finds loyal support

    The Democratic Socialist Republic of Sri Lanka sold US$2bn of senior unsecured bonds in two tranches last Monday, in its second visit to the dollar market this year and its first since bombings rocked the country in April.

  • Bond guarantee passes first test

    Bond guarantee passes first test

    For the first time in Asia, a bank has been forced to pay out on a standby letter of credit used to support an international bond, giving investors confidence that the structure works in practice.

  • First tech board IPO sets modest price

    First tech board IPO sets modest price

    Suzhou HYC Technology, the first company to price a Shanghai tech board IPO under the board’s market-based pricing system, offered its shares at a 19% discount to its nearest listed peer.

  • Price gap widens for China property bonds

    Price gap widens for China property bonds

    A class divide is emerging in the US dollar bond market for Chinese property companies as international investors gravitate towards bigger and better-known names.

  • NatWest makes friends in Japan

    NatWest makes friends in Japan

    The decline in Japanese rates since May affected last week’s yen bonds from NatWest Markets and Credit Agricole in different ways.