CSC mops up $993m from year's last big Asia IPO
CSC Financial Co has priced Asia's last jumbo IPO of 2016, selling shares in its Hong Kong listing in the middle of expectations to raise HK$7.7bn ($992.5m).
View ArticleMalaysia riskier than its credit rating suggests
The fall in the currency could have repercussions for investor safety, extending the downward trend in its country risk score.
View ArticleDim sum’s gone cold, so now what?
Offshore renminbi debt has struggled to gain traction this year, while the Panda bond market has shown encouraging development despite the absence of clear-cut rules. But if the Chinese regulators want...
View ArticleShenzhen Connect: slow start but bright future
The first day of trading on the long hailed Shenzhen-Hong Kong Stock Connect ended in a whimper, with just a fifth of the daily net trading quota used up. But Charles Li, chief executive of the Hong...
View ArticleLGFV Zhenjiang Transportation pulls in Asian money
Chinese local government financing vehicle Zhenjiang Transportation Industry Group sold its debut international bond on Monday, raising $140m from the only live deal in the market.
View ArticleRMB round-up: big China FX reserves drop, quiet week for Shenzhen Connect,...
In this round-up, China saw another sizeable drop to its foreign exchange reserves in November, the Shenzhen Connect saw subdued trading activity in its first four days, and Egypt signed its first...
View ArticleStanChart hires new blood to run financial markets
Standard Chartered has hired industry veteran Roberto Hoornweg as global head, financial markets, set to start in the New Year.
View ArticleHebei Yichen eyes $108.3m as IPO season winds down
Hebei Yichen Industrial Group Corp opened books on a HK$839.6m ($108.3m) IPO in Hong Kong on Thursday, signing up three cornerstone investors.
View ArticleChangde LGFV debuts with $250m bond
Changde Urban Construction and Investment Group Co priced its inaugural international bond on Thursday, getting its deal done before the New Year. The local government financing vehicle (LGFV) snapped...
View ArticleLaurus Labs seals Rp13bn float multiple times covered
Laurus Labs, the Indian pharmaceutical firm, is on track to raise Rp13.3bn ($197.0m) after it wrapped up bookbuilding on Thursday and was more than 4x covered.
View ArticleInnoLight, Ironshore drop plans to list in US
Two firms with Asian links canned their US floats this week, with InnoLight Technology Corp and Ironshore announcing they have dropped their listing plans.
View ArticleBaozun nets $73.5m via ADS follow-on
Chinese e-commerce solutions firm Baozun has raised $73.5m after closing a follow-on placement multiple times covered, despite its stock having a wobbly start to the week.
View ArticleChinese LGFVs rush out before Christmas holiday kicks in
Local government financing vehicles from China brought out a parade of deals on Friday, with issuers including those from Jiangsu and Shanxi fighting for investors' attention in the Asia ex-Japan debt...
View ArticleTewoo offers investors IG option ahead of the holidays
China's Tewoo Group snapped up $300m Thursday, leveraging off its appeal as an investment grade name with an international presence.
View ArticleCountry Garden raises $1.5bn in two currencies
Property developer Country Garden Holdings has signed a $1.5bn dual currency syndicated loan for general corporate purposes, including prepayment of debt.
View ArticleUniCredit's Pekao mando wins bid from disappointed block buyers
UniCredit turned to the equity-linked bond market on Thursday to dispose of its last 7.4% stake in Bank Pekao, after agreeing to sell 32.8% of the Polish lender to insurance company Powszechny Zakład...
View ArticleTanzania hopes to put PP hiccup behind with new Eurobond
Tanzania has announced plans to issue a Eurobond in 2017/18 and will be hoping to put paid to the past with the new issue after its debut bond, a private placement, hit the headlines for all the wrong...
View ArticleWatsa’s Fairfax halves Bank of Ireland stake via ABB
Shares in Bank of Ireland, the Irish lender, fell 3.7% on Friday after Fairfax Financial Holdings, the Canadian insurer controlled by billionaire Prem Watsa, sold half its remaining stake through a...
View ArticleAT1 perks up in December as Swedbank joins BNP Paribas
Swedbank followed BNP Paribas in issuing additional tier one debt in dollars this week, as the European banks looked to take advantage of unusually high investor engagement in December.
View ArticleSibanye joins South African M&A drive with $2.2bn deal
South African gold miner Sibanye has agreed to buy US palladium miner Stillwater for $2.2bn and will raise a $2.7bn loan to pay for the acquisition. Sibanye joins South African borrowers Steinhoff and...
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