Dubai tapped capital markets for the first time in more than a year with the sale of $750 million of 15-year Islamic bonds as the emirate seeks to pay debt and finance its budget amid a property-market recovery.
Asia’s biggest Internet company is among the most issuers in the region set to sell dollar- denominated bonds in a single day since January.
Bad loans as proportion of total loans at Spanish lenders fell in February from a record high in January as the resumption of economic growth started to help banks improve their asset quality.
The following is the summary text of the Federal Reserve Board’s Summary of Commentary.
Bond investors are readying for a slew of South Korean deals as companies from Asia’s fourth- biggest economy face the most maturing dollar notes since 1999.
Following is a summary of U.S. economic conditions as reported by the 12 Federal Reserve district banks in the central bank’s latest regional survey, also known as the Beige Book.
The U.S. junk-loan market has never fueled so much dealmaking.
U.S. Bancorp, the nation’s biggest regional lender, posted a first-quarter profit that matched analysts’ estimates as mortgage-banking revenue declined.
State Grid Corp. of China, the nation’s largest power distributor, is considering a dollar- denominated bond offering following sales from other government- backed giants.
Chinese property developers with the option to repurchase dollar-denominated bonds later this year may opt to do so amid falling yields, according to Western Asset Management Co.
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