Macquarie Group
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Macquarie Bank printed an eight year Swiss franc bond this week, mimicking an earlier effort from compatriot National Australia Bank.
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Virscend Education Co has raised HK$1.8bn ($232.2m) after pricing its Hong Kong IPO near the bottom of the range, emerging relatively unscathed from the volatility that rocked global equity markets last week.
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China’s attempts to allow markets forces to play a bigger role in the currency seemed to have backfired this week with both the onshore RMB (CNY) and its offshore (CNH) counterpart experiencing a tumultuous ride. Further depreciation is expected but the big unknown remains how policy makers will act.
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Ronshine China Holdings has sealed Asia’s first IPO this year, pricing its HK$1.81bn ($233.5m) Hong Kong float at the bottom of guidance after a low turnout during bookbuilding.
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The Chinese circuit breaker mechanism shut down stock trading for the second time in just four days on January 7. Despite the 12% drop in the Shanghai Composite Index (SHCOMP) since end of 2015, Macquarie expects MSCI to finally green light A-shares inclusion for its popular global stock indices in June.
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Options traders took Monday's oil volatility seriously, sending prices for near-dated contracts to some of the highest levels of recent months.
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Virscend Education Co launched the institutional bookbuild for its HK$2.19bn ($282.50m) Hong Kong IPO on Monday, even as the slump in Chinese shares triggered a market-wide trading halt and sent global equities tumbling.
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Macquarie Securitisation Limited has mandated Macquarie Bank to arrange a new Australian RMBS deal from its Puma shelf, which could hit the market early in 2016.
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National Australia Bank has laid out its plans to float its UK mid-sized bank unit CYBG in London early next year.
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Maybank became the first Asia Pacific issuer to launch a Pro-Bond in May 2014. It was the bank’s first foray into the Japanese capital markets, and also represented a useful shot in the arm for the fledgling Pro-Bond initiative. Maybank has since graduated to a Samurai, allowing a useful comparison between the two markets.
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Australian lender Macquarie has rejigged its Asia equity capital markets unit with the appointments of Jack Yee and Arthur van Dijk as co-heads of ECM, according to sources close to the moves.
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Sadbhav Infrastructure Project is likely to price its Rp4.9bn ($74m) IPO at the top of its indicative price range, according to bankers on the transaction.