Indiabulls steps up debt reduction programme
Indiabulls Real Estate is moving forward with its plans to reduce its offshore borrowings and is in the market with an up to $50m buy-back of its dollar bond.
View ArticleSamsung SDI eyes banks for C&T block
Samsung SDI is in the process of choosing leads to run the sale of its shares in Samsung C&T later this month, according to a source with knowledge of the deal.
View ArticleUnion Medical tests demand for $150m IPO
Union Medical Healthcare has kicked off pre-deal investor education for its $100m-$150m IPO in Hong Kong, which is set to go on for the next two weeks, according to sources.
View ArticleCikarang poised for $300m Indo listing
Indonesia is gearing up for its largest IPO in almost a year, with power producer Cikarang Listrindo eyeing a $300m listing on the Jakarta Stock Exchange in the first half of 2016.
View ArticleHPCL hunts for $465m refi in general
Hindustan Petroleum Corp (HPCL) has launched a $465m 21 month refinancing into general syndication with three participation levels on offer.
View ArticleNSE softens stance on IPO as Sebi rejigs OFS rules
India’s National Stock Exchange (NSE) has relented to listing on a rival bourse, but on the condition that regulatory disclosures are made to an independent third party rather than the competitor...
View ArticleNouy’s right: EU should stop using directives for financial regulation
The chair of the supervisory board of the European Central Bank, Daniele Nouy, is absolutely correct in regretting that so much European financial regulation has been done in the form of directives.
View ArticleSecond Singaporean covered bond readies roadshow
The covered bond market could see the second Singaporean deal soon, with United Overseas Bank (UOB) mandating leads for a series of European investor meetings that could result in its first deal.
View ArticlePhilippines launches new bond as Indonesia goes on NDR
The Asia ex-Japan bond market finally saw some primary activity on Wednesday with the Republic of the Philippines set to be the first sovereign issuer of the year. The country launched a new 25 year...
View ArticleHyflux sails in for $300m in three currencies
Singapore-based wastewater treatment company Hyflux has returned to the loan market for a $300m triple currency refinancing.
View ArticleS&P warns of Indian public banks downgrade
Standard & Poor’s has warned that Indian stated-backed banks could soon be facing a slew of downgrades as the amount of capital needed to provide for bad loans is likely to shoot up.
View ArticleLai Sun $119m rights issue falls short
Hong Kong property developer Lai Sun Development has closed a HK$924.3m ($119m) one-for-two rights offering that was just short of 70% subscribed.
View ArticleSocGen names new head of India FIG
Société Générale has named Sayan Das its head of financial institutions group in India, a newly created role at the bank.
View ArticleChina Hongqiao misses target on $488m rights issue
Chinese aluminium manufacturer China Hongqiao Group has wrapped up its HK$3.8bn ($487.8m) rights issue, with shareholders signing up for roughly 80% of the offering.
View ArticleMTR makes a stop for HK$15bn loan
Hong Kong’s MTR Corp is seeking a loan of HK$15bn ($1.9bn) in two tranches and has picked a quartet of banks to helm the trade.
View ArticleHoneywell takes €4bn but bond issuance still stuttering
Europe’s corporate debt markets are in a phase of taking two steps forward, then one step back. This is a sharp contrast with the US, where investment grade bonds are blazing hot and leveraged finance...
View ArticleUS HY buyers surprised over Europe's Solera doubts
As Solera Holdings began on Tuesday in New York the last leg of its $2bn bond roadshow, investors in the US voiced their surprise at how negative some of its European counterparts remain about the...
View ArticleBankia to reimburse IPO retail investors
Bankia will repay retail investors the €1.85bn they invested in the Spanish bank’s ill-fated initial public offering, to compensate them for losses incurred.
View ArticleEurex signs up Credit Agricole for IRS clearing
Eurex has signed up Crédit Agricole Corporate & Investment Banking as a member of its clearing house for interest rate swaps.
View ArticleEnergy collapse erodes US CLO credit quality
Credit quality of companies backing US CLOs is sliding, with energy exposure the primary driver of the increase in default risk.
View Article