GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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ANZ

  • KfW found enough demand to print a A$400m ($299.2m) tap of its January 2019 Kangaroo bond late last week, highlighting a remarkable return to stability for markets after the previous week's Brexit vote.
  • The UK’s shock decision to leave the European Union has left most of Asia reeling with the region’s major currencies and stock indices all coming under severe pressure. But if there is one country that can handle the negativity better than the others, it will be China.
  • Papua New Guinea has selected four banks for its maiden dollar bond and is set to meet investors in Europe and the US.
  • The World Bank this week eschewed core markets beset by volatility in favour of the Kauri market, tapping a 3.5% January 2021 line for a record-breaking NZ$875m ($615.1m).
  • Covered bond volumes were higher this week than last even as mounting fears of a UK decision to leave the European Union lead to greater volatility and increased execution risk.
  • The World Bank eschewed core markets beset by volatility in favour of the Kauri market, tapping a 3.5% January 2021 line for a record-breaking NZ$875m ($615.1m).
  • Louis Dreyfus Commodities Asia is seeking a $500m revolver and is offering the same pricing as it did on its last loan. This is despite its parent's income before tax having halved in 2015, compared with the previous year.
  • Samvardhana Motherson Automotive Systems Group finally broke India's high yield silence, printing the first trade in over a year. Market participants expect the success of the deal to encourage more Indian HY names to sell bonds the second half of the year.
  • FIG
    Credit Suisse took advantage of highly favourable funding conditions to take out $2bn as it took a further step towards meeting its total loss-absorbing capacity (TLAC) requirements.
  • ANZ became the first Australia-based bank to launch a foreign currency additional tier one (AT1) this week, attracting a blowout book for the $1.5bn trade.
  • Ooredoo, the Qatar telecoms company, formerly Qtel, is roadshowing a dollar benchmark via eight banks, potentially adding to increased bond supply from the country, which already stands at seven times the full year total for 2015.
  • FIG
    The FIG market played host to the first contractually bail-inable senior deal this week, as a trio of borrowers broke new ground in loss-absorbing debt markets.