Temasek steps up local borrowing with S$1bn bond

8 February 2010

Temasek Holdings, Singapore’s state-owned investment fund, launched a S$1bn ($704m) 10 year deal in the domestic Singaporean market on Monday, tapping into strong investor demand to price the deal at the bottom of guidance. read more »

• Shimao to borrow $400m after amending bond terms

  08 February 2010

  Shimao Property Holdings has mandated HSBC and Standard Chartered to arrange a $400m loan after investors in its high yield bonds granted it permission last week to increase its debt .

• NMDC next in line as NTPC closes $1.8bn follow-on

  08 February 2010

  Bankers began pre-marketing the $3bn follow-on public offering for iron ore company NMDC on Monday in the latest test of demand for Indian equities following a disappointing response to NTPC's deal last week.

• Noble Group bonds slip in weak market after $400m tap

  07 February 2010

  Noble Group increased the size of its existing 2020 bond late last week in a $400m tap that dragged down the price of its outstanding debt, prompting suggestions that the deal had not been fully sold.

• Star Energy beats bond targets after refining structure

  07 February 2010

  Star Energy Geothermal, a private Indonesian power producer, became the latest Asian high yield issuer to tap the international debt markets on Friday, getting strong demand for a $350m deal after tweaking its structure.

• China SCE gains on IPO debut despite weak markets

  07 February 2010

  China SCE Property rose 4.6% on its debut in Hong Kong on Friday, beating a weak broader market with a surprise first-day gain.

• Syndicate Bank joins funding rush with $100m loan

  07 February 2010

  Syndicate Bank launched a $100m nine month loan into the market last week as the Asian capital markets continue to swell with deals from Indian financial institutions.

• Baroda scraps dollar bond plan after pushing on price

  07 February 2010

  India’s Bank of Baroda cancelled a dollar bond sale on Friday after a sharp spike in risk aversion made it impossible for it to meet its aggressive pricing target.

• IMM prices $327m IPO at bottom as investors stay cautious

  07 February 2010

  International Mining Machinery Holdings followed the trend late last week as increasingly volatile market conditions forced it to price its $327m Hong Kong initial public offering at the bottom of its target range.

• TAIPAN: Is Chinese bank capital going global?

  07 February 2010

  If only size matters, then China’s banks could be about to take over the Asian debt markets.

• Bank of China leads sub debt revival with $1.6bn HK bond

  04 February 2010

  Bank of China’s Hong Kong subsidiary made a stunning debut in the bank capital markets late on Thursday, confounding sceptics who had claimed the $1.6bn subordinated bond was too tight to attract a broad range of investors.

• Two’s company as IBK, KDB mark return of Korean bonds

  04 February 2010

  Korean Development Bank and Industrial Bank of Korea, two of Asia’s most frequent debt issuers, returned to the dollar bond markets this week with very different approaches that each resulted in impressively tight new issues.

• Slow progress as NTPC opens $1.8bn selldown

  04 February 2010

  Indian power company NTPC made slow work of its follow-on public offering this week as investors left the $1.8bn deal only 80% covered with just one day of bookbuilding to go.

• SCE beats soft markets with $200m IPO

  04 February 2010

  China SCE Property brushed aside poor market sentiment to close its $200m Hong Kong IPO this week, proving there is appetite for Chinese real estate investments, even as regulators attempt to deflate a property price bubble.

• Baroda pushes pricing for $300m bond

  04 February 2010

  India’s Bank of Baroda looked set to raise $300m on its return to the international bond market on Thursday, but appeared to have delayed the deal as it pushed for a more aggressive price.

• Chu Kong Pipe prices as IPOs stay under pressure

  04 February 2010

  Chu Kong Petroleum & Natural Gas Steel Pipe priced its Hong Kong IPO at the bottom of its target range this week, raising $174m despite difficult market conditions.

• Asia Pacific Loan Award Winners 2009

  04 February 2010

  EuroWeek Asia is proud to announce the winners of our third annual syndicated loans and leveraged finance awards, honouring deals and houses that impressed the market in 2009. Last year was one of the most difficult in decades, with transaction volumes and the number of deals down across the region. But the Asian loan market bounced back strongly in the second half of the year, and that recovery owed much to the skill and determination of the region’s loan bankers. The results below are determined by a poll of market participants conducted by the EuroWeek team in December.