Shandong Gold wins board approval for $1bn HK IPO
Shanghai-listed Shandong Gold Mining has got the green light from its board of directors to float on the Hong Kong Stock Exchange.
View ArticleHungary aims for Rmb1bn in Panda debut
The Eastern European sovereign agreed on a Rmb3bn ($445m) Panda programme with onshore authorities and is set to price a first three year deal worth Rmb1bn.
View ArticleUS fund sues ZTO, banks for alleged IPO failings
A US pension fund has filed a class action lawsuit against ZTO Express and the banks which underwrote its $1.4bn IPO on the New York Stock Exchange last year.
View ArticleMaybank stresses Belt and Road with Panda debut
Malaysian lender Maybank priced its first onshore renminbi bond on July 21, with the Rmb1bn ($148m) three year deal closing books early in the afternoon.
View ArticleGreenland Holdings mulls hiking loan to $300m
Chinese property developer Greenland Holdings is planning to increase the size of its loan, launched in late April, to $300m from $250m.
View ArticleCJE rides on rarity value to establish dollar curve
China Jinjiang Environment Holding Company (CJE) made its debut in the international bond market, raising $200m from a three year on Thursday. The deal won investors over — but finding close...
View ArticleChina Life Overseas gets huge bid after capping bond
China Life Insurance (Overseas) Company’s $250m bond generated huge demand on Thursday, with final books hitting $3.9bn. Market participants reckon the issuer priced through theoretical fair value.
View ArticleOceanwide pays up for $400m bond return
China’s Oceanwide Holdings Co scored $400m from a new three year offering on Thursday, sealing a bigger deal than expected but paying up in the process.
View ArticleSecondary pricing update: featuring EFSF's 2056 tap
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.
View ArticleThom Europe cuts leverage following lukewarm reception
French jewellery retailer Thom Europe has widened pricing on its bond-to-loan refinancing by 75bp to 450bp, reducing the offering by €60m to €610m in the process.
View ArticleCorporate bond week ahead: Draghi ensures suitcases remain unpacked
European Central Bank president Mario Draghi may have signed off for the summer by dampening debate around tapering of the ECB’s bond purchasing, but investors are still at their desks with money to...
View ArticleDovish Draghi helps improve covered bond value, but woes remain
The slightly dovish policy statement that followed Thursday’s European Central Bank policy meeting has caused the Bund-swap spread to widen, restoring a little value in covered bonds. But the spread is...
View ArticleMetalloinvest exits Norilsk Nickel via $400m block
An otherwise quiet week for block trades was interrupted on Thursday night with a large selldown of shares in Norilsk Nickel, the Russian nickel and palladium mining company, by Metalloinvest, the...
View ArticleLandis & Gyr sneaks over issue price after largest Swiss IPO since 2015
Shares in Landis & Gyr, the Swiss maker of energy meters, closed 0.5% higher on their debut Friday, after a dip in morning trading, after the company priced its IPO at Sfr78, above the middle of...
View ArticleMOEX committee decides on index changes
The Moscow Exchange Index Committee this week agreed on changes to the calculation method for the indices that it hosts.
View ArticleCLSA, BOCI reshuffle top ECM syndicate ranks
Citic CLSA Securities has brought in Steve Lam to helm its equity syndicate team, while also naming Nathan McMurtray to lead its charge into the equity-linked market.
View ArticleBNY Mellon names Giglio to head Apac DR
Francis Giglio has been promoted to Asia Pacific head of depositary receipts at BNY Mellon, replacing Neil Atkinson who will transfer to London.
View ArticleIBK keeps debut AT1 small despite investor enthusiasm
Industrial Bank of Korea (IBK) raised $300m from its first trip to the alternative tier one market on Monday. Investors embraced the structure, pushing the books to eight times covered.
View ArticleSunac bags HK$4bn from opportunistic placement
Sunac China Holdings has raised HK$4.03bn ($516.2m) from a top-up placement, taking advantage of its recent media focus and skyrocketing share value to bag a deal, according to a source close to the...
View ArticleHalkbank joins Turkish covered bond ranks
Türkiye Halk Bankasi (Halkbank), the Turkish state-owned lender, has confirmed that it plans to issue mortgage-backed covered bonds. It joins seven Turkish lenders that have rated covered bond...
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