Moody’s CMBS analyst let go amid board nomination dispute
Annelise Osborne, senior v.p. and co-head of CMBS conduit surveillance with Moody’s Investors Service, was let go from the rating agency this week due to a dispute over her nomination to the board of...
View ArticleUBS to strengthen China business with HK-Beijing swap
UBS is planning to swap senior members of its China onshore and offshore teams as it looks to further strengthen its mainland business, according to an internal memo seen by GlobalCapital Asia.
View ArticleHKEx’s commodity connect will struggle to strike gold, say experts
As the world's largest consumer of commodities, China is trying hard to make the RMB a bigger player in those markets. But while the long term strategy makes plenty of sense, its short term...
View ArticleStats ChipPac completes difficult $425m bond
Investor demand for Asian debt was put to the test this week when Singapore's Stats ChipPac executed the region’s first non-Chinese high yield bond in more than three months.
View ArticleRMB to reach 15% of global payments, says HKMA
China is likely to see the volume of global payments denominated in RMB rise to match its weight in the global economy, according to Esmond Lee, executive director, financial infrastructure, at the...
View ArticleRights issue round-up: Lai Sun, HNA, BNK Financial
Hong Kong property developer Lai Sun Development (LSD) is seeking HK$924.3m ($119m) by way of a rights issue, announcing a one-for-two offering on Tuesday.
View ArticleVictory City weaves new HK$2.4bn loan
Victory City Co has approached the syndicated loan market for a HK$2.388bn ($308m) fundraising that has seven bookrunners at the helm.
View ArticleHKEx plans fix for remaining Stock Connect settlement issues
The Hong Kong Stock Exchange (HKEx) plans to extend renminbi settlement operational hours for the Shanghai-Hong Kong Stock Connect in April 2016 in a bid to solve the outstanding settlement issues, a...
View ArticleDetails emerge on Tencent’s $1.25bn loan
More details have emerged on Chinese technology firm Tencent Holdings’ $1.25bn loan that went into limited syndication last week.
View ArticleNew World Development preps dollar outing
Hong Kong property company New World Development has picked banks to arrange investor meetings ahead of a proposed dollar offering.
View ArticleBirla Carbon launches $925m dual trancher
Birla Carbon, part of India’s Aditya Birla Group, has opened its $925m refinancing into general syndication via five mandated lead arrangers and bookrunners.
View ArticleCCB Asia prices dual listed dim sum before Chinese Premier’s Malaysia visit
China Construction Bank (Asia) has priced a two year dim sum amid a market sentiment that is less than favourable for dim sum issuance. However like other recent deals from state-owned banks, this...
View ArticleKorean Air lands $300m with Kexim-backed hybrid
Korean Air Lines has raised $300m from a hybrid bond that came with a guarantee from the Export-Import Bank of Korea (Kexim). But the issuer’s credit fundamentals posed a challenge, with investors...
View ArticleMercuria raises $1.1bn from 27-strong syndicate
Mercuria Energy has wound up its latest multi-tranche loan at an increased size of $1.1bn. While the shorter one year portion proved popular among lenders, a three year tranche ended up being scaled back.
View ArticleFlat Glass raises $122m as IPO priced at low end
Flat Glass Group Co priced its Hong Kong IPO at the bottom of an indicative range on November 19, raising HK$945m ($122m) as investors gave the solar glass maker a lukewarm response.
View ArticlePowerlong goes tight with $200m refinancing
Powerlong Real Estate Holdings returned to the dollar bond market following a hiatus of nearly three years, pricing a $200m deal inside its existing curve.
View ArticleNew Hope wraps up larger $100m deal
New Hope International has wrapped up syndication of a $100m facility that came with a guarantee from its parent, Chinese agribusiness New Hope Group.
View ArticleNew World Development attracts dollar bids
Hong Kong property company New World Development was out in the dollar bond market on November 20, marking its first offering this year.
View ArticleDatem puts Philippine IPO on the back burner
Construction firm Datem, which received approval from the Philippine Stock Exchange earlier this month for its IPO, has decided to postpone its plans.
View ArticleBank of Qingdao launches IPO as CRCC pre-markets
Bank of Qingdao Co is looking to raise up to HK$5.2bn ($666m) in a Hong Kong listing, with the trade opening books on November 20. This makes it the first of a handful of Chinese city commercial banks...
View Article