IFR International - 08.09.2018

(Michael S) #1

Contents


MARKETS^ Banking, Capital Markets and Advisory unit.


        -
- SEPTEMBER 8 2018 ISSUE INTERNATIONAL FINANCING REVIEW
- International Financing Review September


  • TOP NEWS

  • cost-savings likely to prove key to investor demand. LOANS/BONDS Debt package Refinitiv deal sets pulses racing. Credibility of projected

  • financing would be Gulf’s largest ever deal. LOANS Majority stake Aramco in talks on Sabic financing. Potential US$50bn–$70bn

  • dislocations expected as risks grow and currencies slide. EMERGING MARKETS Sell-off Torrid September forecast for emerging markets. Further market

  • borrowers pay up to encourage international lenders. LOANS Under pressure Akbank, Eximbank increase loan pricing. Turkish bank

  • De-risking Funding Circle adds cornerstone investor to IPO.

  • Documentation High-yield bond covenant flexibilities start to bite.

  • Issuance Eni, Unilever lead rush of Yankees as Europeans hurry back after Labor Day.

  • Kangeroo Car giant GM to ignite Australia’s corporate bond market.

  • PEOPLE & Revamp Citi restructures and shakes up its leadership. Sets up new

  • flexibility of policymakers to deal with future global bank failures. Systemic Crisis era chiefs fret over emergency tools. Say reforms have reduced

  • consensual restructuring of the country’s debts can be carried out. No seizure US should suspend redress for Venezuela creditors, so a

  • Pressure TSB CEO Paul Pester quits as IT fiasco drags on.

  • Financial centre US top finance hub and UK well ahead of EU rivals.

  • Stock Connect MSCI move lifts China turnover.

  • BONDS Hurdles Italy’s return in balance. Syndication challenging amid volatility.

  • Demand Cigna M&A bond lifts high-grade. 26 Swarm No indigestion as corps pummel market.

  • EMERGING Funding package Argentina bonds jump as market awaits IMF.

  • MARKETS Safety Sinopec, CGNPC fill up offshore.^59 Gloom South Africa stumbles into recession.

  • LOANS Volumes leap Jumbo deals push buyout loans over US$100bn.

  • Backing Qantas takes off for long haul. 69 Green Japan Inc ramps up ESG loans.

  • EQUITIES Indian markets Brookfield, Blackstone mull IPOs.

  • Banks hired Fosun unit eyes listing. 84 Pharma Eli Lilly preps unit for flotation.

  • STRUCTURED In demand Convertible market on front foot with Adidas deal.

  • EQUITY Japan Line to fund tech investments.^97 US Retrophin resets dilution with seven-year deal.

  • 3 Contents 2250 p3.indd 3 07/09/2018 20:33:

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