Search results for

BPCE's $500 million issuance will provide finance for the issuer's clients rather than projects

The Treasury’s suggestion that foreign banks should be judged on their US assets alone has created tensions between industry organisations

The first Hong Kong-led cryptographic token sale has put the territory's relevant laws to the test

The cleanup was carried out as a liquidation, not a resolution, which suggests EU rules are not taken seriously enough

A technical covenant breach reflects larger problems in the documentation standards underlying offerings from local government financing vehicles

Some think the changing investor base means vast parts of the market have outgrown maintenance covenants

Here's a selection of the highlights from IFLR's first white collar forum, hosted in London last month

Dieter Grünblatt, Stefan Kramer and Benedikt Maurenbrecher of Homburger explore structuring options for international and domestic covered bonds involving a Swiss issuer

It's been a few months of ups and downs for the global financial markets. Brexit and Donald Trump, as well as other government elections and reshuffles in a number of jurisdictions have all played a role in upsetting the stability of the markets.

Chinese capital markets are heating up A combination of a depreciated Chinese currency and crackdown on speculation on real estate has, among other things, pushed Chinese companies to tap the international high yield bond market. But, when IFLR reported in late April on the influx of PRC issuers – a growing number of whom are local government-owned entities based in third or fourth-tier cities – issuing high yield dollar paper offshore, the country's regulators had not publicly responded to potential default concerns. Only the Shenzhen branch of the National Development and Reform Commission (NDRC) was reported to have required corporates based in Shenzhen raising mid-to-long-term offshore dollar debt to submit credit ratings reports issued by Moody's, S&P or Fitch as supplementary documentary evidence.