Singapore's CapitaCommercial Trust and vegetable grower China Green launched convertible bonds late on Wednesday in the latest sign that investors remain hungry for new issues. read more »
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17 March 2010
Bendigo and Adelaide Bank returned to the residential mortgage-backed securities (RMBS) market on Wednesday with a A$1.1bn ($1.01bn) deal that drew strong demand from both offshore and onshore investors.
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17 March 2010
Korea Life Insurance, which raised $1.6bn in the country's biggest IPO in four years, lifted hopes for Asia's recovering IPO markets as it rose 8% on its debut on Wednesday.
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17 March 2010
ING’s Australian subsidiary raised A$475m ($438m) on Wednesday in what looks set to be one of the last new issues covered by Australia’s outgoing government guarantee programme.
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16 March 2010
IL&FS Transportation Networks looks set to raise up to $154m after closing the books on a heavily oversubscribed initial public offering that underscored the depth of demand for Indian equities — at the right price.
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16 March 2010
Equity-linked investors look set to become a future source of funding for Singapore’s real estate investment trusts, bankers said this week, pointing to the success of a convertible bond that came with all the features of a commercial mortgage-backed securitisation.
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15 March 2010
A group of shareholders sold a 6.7% stake in Korea’s Hynix Semiconductor on Monday evening in an $814m block sale that came flat to the stock's closing price on the day.
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15 March 2010
Debt bankers expressed frustration on Monday at the lack of a clear pipeline for Asian bond sales, while some played down suggestions that Korea's Woori Bank would follow its non-deal roadshow with a new issue.
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15 March 2010
Ascendas Real Estate Investment Trust launched a S$300m ($215m) secured convertible bond on Monday night in what looked set to be the only Asian equity-linked deal to receive a triple-A credit rating.
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15 March 2010
Fook Woo Group, a Chinese paper recycler, began bookbuilding on Monday as it looks to raise up to $183m in a Hong Kong IPO.
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15 March 2010
Woori joined the long line of Asian issuers that are meeting debt investors this week. Read on for a list of new issues that are expected to come to market.
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14 March 2010
Hong Kong electricity company CLP Power launched a heavily oversubscribed $500m 10 year bond on Friday, offering further encouragement to the Asian issuers that are planning debt sales.
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14 March 2010
Far East Global Group, the Chinese building facade company, set a range of HK$1.18-HK$1.69 on Sunday for its Hong Kong listing, looking to raise up to $79m.
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14 March 2010
Indian iron ore company NMDC fixed the price for its follow-on public offering at the bottom of its target range after a disappointing response from foreign and retail investors left the deal just 1.25 times covered.
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14 March 2010
India's plan to float stakes in some of its biggest companies is an impressive and ambitious project. But last week's NMDC sale showed the government remains too focused on price.
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11 March 2010
A sofa maker and a Chinese car dealer launched initial public offerings worth over $900m in Hong Kong this week, offering proof that confidence is returning to Asia’s battered new listing markets.
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11 March 2010
Korea’s Shinhan Bank returned to the international bond market this week, raising $700m in a tightly-executed deal that showed the strength of demand for new issues and paved the way for other Korean issuers to follow.
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11 March 2010
Banks fighting for a position on the $9bn financing behind Bharti Airtel’s acquisition of African telecoms assets are struggling to come to terms with the Indian telco’s aggressive pricing demands.
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11 March 2010
The Indian government again struggled to attract demand for the sale of a stake in one of its flagship companies this week as a high price range kept investors away from a $2.5bn follow-on offering for iron ore company NMDC.
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11 March 2010
Philippine port operator International Container Terminal Services (ICTSI) made its debut in the international bond markets this week, raising $250m in a well-timed deal that capitalised on a rebound in appetite for high yield credits.
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11 March 2010
Korea Life completed its initial public offering last weekend, raising W1.78tr ($1.55bn) in the biggest new listing in the country for almost four years.
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11 March 2010
The loan backing CVC’s acquisition of Indonesia’s Matahari Department Store is set to be four times Ebitda with margins starting at the 600bp mark and a six year tenor, said a leveraged loans banker in Hong Kong.