Credit
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BlackRock shakes up private credit to chase industry leaders
BLACKROCK is overhauling its private credit business as the world’s largest asset manager races to catch up to competitors in the booming market. The firm is setting up a new…
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Jack Ma-backed Ant is refinancing a credit line of US$6.5 billion
Jack Ma-backed Ant Group is refinancing an offshore credit line that will reach US$6.5 billion, as it expands its global operations, according to people familiar with the matter. The Chinese…
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UBS pledges US$400 billion in Swiss loans after Credit Suisse
“We are putting money where our mouth is,” says country head Sabine Keller-Busse UBS Group will continue to provide about US$414 billion of credit to its home market as a…
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Australia to phase out AT1 bonds for bank capital after Credit Suisse wipeout
AUSTRALIA’S banking regulator has proposed lenders phase out the use of additional tier 1 (AT1) bonds – the kind of securities that were wiped out after Credit Suisse Group’s collapse…
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Co-lending makes headway as South-east Asia’s private credit space matures
The practice may catch on as roles of banks change, and they look to boost expertise or diversify portfolio PRIVATE credit managers are making inroads into South-east Asia with co-lending…
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UBS appoints former Credit Suisse executive as new China head
UBS has appointed former Credit Suisse executive Janice Hu to replace Eugene Qian as head of its business in China, the Swiss bank said on Thursday (Aug 29). Qian has…
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China’s credit market sees first floating rate bond since 2020
CHINA’S credit market got its first floating-rate corporate bond in more than four years, offering investors an option to hedge against rising rates after yields saw their biggest monthly jump…
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Temasek’s SeaTown raises over US$1.3 billion for private credit fund
The fund targets a net return in the mid-teens, along with a double-digit distribution yield to investors SEATOWN Holdings, an investment manager indirectly owned by Temasek, has announced the final…
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Private credit loses ground in fight for family office money
IT IS the hottest trade on Wall Street. Everywhere you turn, money managers have upped their investments in private credit, helping the asset class balloon into a US$1.7 trillion industry.…
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Budget carrier AirAsia gets US$443 million private credit funding
BUDGET carrier AirAsia Bhd has secured a US$443 million dual-tranche private financing to use partly for refurbishing planes grounded during the pandemic, according to sources familiar with the matter. Private…
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Warner Bros. Eyes $8.5Bn Investment In Nevada If Film Tax Credit Is Expanded
Warner Bros. Discovery is planning a significant expansion into Southern Nevada, pledging an annual investment of $500 million toward film productions over the next 17 years through a film studio…
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Trump says he may end EV tax credit; is open to naming Elon Musk as an adviser
REPUBLICAN presidential candidate Donald Trump said on Monday (Aug 19) that if elected he would consider ending a US$7,500 tax credit for electric-vehicle (EV) purchases and that he would be…
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Millennium opens Singapore office as Asia credit trading soars
MILLENNIUM Advisors has expanded its trading and sales operations into Asia to take advantage of surging demand for electronic trading and US dollar bonds in the region. The Charlotte, North…
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UBS puts 1.88 billion francs Credit Suisse real estate fund into liquidation
UBS has put a real estate fund of its former competitor Credit Suisse worth over US$2 billion into an “orderly liquidation” as at Thursday (Aug 15), the Swiss bank said.…
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JPMorgan is selling a new type of mortgage credit risk transfer
JPMORGAN Chase plans to sell credit risk on a US$531 million portfolio of adjustable-rate mortgages, a new kind of offering by the bank and the latest example of the industry’s…
