IFR 02.29.2020

(Jacob Rumans) #1

Contents


MARKETS^ It’s ESG, not returns, that dominates at investor day.


  - International Financing Review February
- FEBRUARY 29 2020 ISSUE INTERNATIONAL FINANCING REVIEW


  • TOP NEWS

  • but activity grinds to a halt elsewhere. BONDS Resilient Asia withstands panic as 15 issuers price dollar bonds,

  • of fraud related to the bank’s £4bn Qatar fundraising deal 12 years ago. PEOPLE & MARKETS Not guilty London court acquits former Barclays executives accused

  • Coronavirus outbreak makes face-to-face meetings impossible. EQUITIES Online marketing Hong Kong IPOs go virtual.

  • Banks slug it out to provide cross-border hedges. PEOPLE & MARKETS Hedging Deal-contingent options: risky business gets riskier.

  • Thorny problem ESG reframes weak covenants as governance issue.

  • Jumbo deal Goldman expected to lead up to €11bn financing for ThyssenKrupp unit.

  • Controversial Italian NPL deals under threat from proposed new law.

  • Squeezing through Yandex finds tight window for US$1.25bn convertible bond.

  • PEOPLE & Green initiative JP Morgan takes on climate change.

  • to lead its global financial institutions coverage. Revamp Citigroup has promoted Christian Anderson and Stefan Wintels

  • targets in the wake of low interest rates and the coronavirus outbreak. Under par StanChart says it is likely to miss its profitability and income growth

  • Denial Goldman pleads not guilty over 1MDB money-laundering scandal.

  • Musical chairs Barclays looks to be among a raft of banks considering a change of leadership.

  • Accelerating change Bank of England “turbo-charges” moves to ditch Libor.

  • BONDS Buying opportunity AT1s suffer but hopes persist for product.

  • Hamstrung ING AT1 revival frustrated. 33 US Energy bonds suffer on falling oil and gas prices.

  • EMERGING Blistering start Russians embrace March window. Issuers braced to flood in.

  • MARKETS China IG property bond draws crowd.^47 FIG BOC shrugs off volatility with US$2.82bn print.

  • LOANS Stern test Trip.com seeks US$1.2bn despite dire conditions in tourism industry.

  • Taiwan CIP closes largest wind farm financing. 58 Russia Norilsk sparks life into loan market.

  • EQUITIES Braving the sell-off Two ABBs in EMEA tick the right boxes to attract buyers.

  • Asia-Pacific Politics disrupt Malaysian deals. 75 US Passage Bio extends biotech IPO streak.

  • STRUCTURED Return Exact Sciences floods the convertible bond market yet again.

  • EQUITY US Nuvasive lands US$450m from five-year CB.^85 Chiming in RingCentral raises US$1bn.

  • 3 IFR Contents 2322 p 3 .indd 3 28 / 02 / 2020 20 : 14 :

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