Bonds/Structured Finance
Not so fast: McDonald’s takeaway hits regulatory hurdle
The landmark renminbi-denominated bond launched on August 19 by global fast food chain McDonald’s has hit a snag, market participants said last week.
China lowers bond market barriers
China’s central bank laid out its latest set of reforms last week, opening the renminbi bond market to foreign investors a little more. Is this the ’big bang’ that China watchers have been hoping for, or just another small step that will have limited immediate impact? Nethelie Wong reports.
Loans
Superman returns: Li Ka-shing snaps up UK power assets
Seven banks are providing a £665m (US$1.03bn) dual-tranche loan to part-finance the acquisition of three UK power distribution networks by a consortium representing Hong Kong billionaire Li Ka-shing.
Game on for MGM listing after HSBC decides to fold
HSBC shocked the market last week as it pulled out of a loan for MGM Grand Macau – a move that cost it a lucrative role on the casino operator’s planned Hong Kong IPO.
Equities
Chinese developers test limits of offshore debt, equity markets
China’s cash-hungry real-estate companies have returned to the offshore debt and equity capital markets in full force. However, the last time that happened investors quickly drowned under a flood of deals and the sector found itself shut out for months. Has China’s property sector learned its lesson?
People & Markets
China lowers bond market barriers
China’s central bank laid out its latest set of reforms last week, opening the renminbi bond market to foreign investors a little more. Is this the ’big bang’ that China watchers have been hoping for, or just another small step that will have limited immediate impact? Nethelie Wong reports.