International Bank of Azerbaijan (IBA) has approached banks for a new syndicated loan of up to $300m.
Chinese real estate company Franshion Properties is lining up a potential spin-off and separate listing of some of its hotel assets on the Hong Kong stock exchange.
Hindustan Petroleum Corp opened up its $500m three year into general syndication on the evening of March 7, with bankers away from the deal already keen to lap up the transaction thanks to the juicy margin on offer.
- Azerbaijan's IBA aims big with new syndicated loan
- UOB to bring Basel III tier two, Asia's fourth in dollars
- Shinhan Bank meeting investors for possible dollar bond
- Kexim plans more fundraising firsts amid balmy conditions
- China’s Franshion Properties plans HK spin-off
- CMGE gaming for $115m via US follow-on
- Haichang prices first Asia theme park IPO
- Second time lucky for KEB’s $166m Hana Financial exit
Bank of America Merrill Lynch’s James Fleming has stepped down from his role as co-head of Asia Pacific global capital markets to take up a new post running equity capital markets in the UK.
Haitong International Securities Group listed its first Renminbi Qualified Foreign Institutional Investor (RQFII) Exchange Traded Fund (ETF) today on the Hong Kong Stock Exchange. The product is the first RQFII ETF from a securities house.
- ANZ names new Australia loan syndications head
- Goldman’s Zhu to head China equities at BlackRock
- UPDATED: Deutsche loses head of investment banking in Tokyo, key contact with SoftBank
Coming home after a long day at the club and intent on a single malt nightcap, I found my entry barred. Forcing open the front door I discovered the culprit was an assortment of expensive looking bags from Lane Crawford.
Deviation from the norm always draws out the naysayers. So when Gemdale (Asia) Investment issued a tap just two days after it priced a Rmb750m ($122m) three year bond, critics wasted no time in decrying the tactic. But as the issuer was looking to get the funding it needed without upsetting secondary markets, such flexibility should be applauded.
There appears to be no stopping the rise in three month TaiFX, the interbank US dollar funding rate in Taiwan. The widening divergence between TaiFX and Libor has increased the pressure on Taiwanese banks, forcing many to shrink their offshore lending. It is time for bookrunners consider the alternatives.
From The Weekly
- Disclosure of PB rebates imperative says Asifma
- Banks waiting to press play on Shanda Games’$650m LBO loan
- SG faces a setback as Lotte defers IPO
- Investors clamour for ASM Pacific HK$2.4bn CB
- Bharat Petroleum ups loan to $300m ahead of general as BTMU hops aboard for MLAB role
- AIA $1bn 144A debut takes US by storm
- Updated: BTMU five-tranche blowout raises $4bn
Cartoon of the Week
- HKEx considering introduction of RMB options
- StanChart Singapore credit trading chief to depart
- New CEOs at UBS Swiss, Nomura — RBC and BlueCrest growing MBS businesses — Deutsche loses HY trader
- Korea Exchange starts voluntary clearing
- BAML Loses Index Trading Duo In HK
- Korea flips on OTC derivatives tax
- Australia To Start Mandatory IRS Clearing 2015
- RBI's move to raise gold hedging a prize for jewellers
- PBoC fixings drive dollar/renminbi long vol opportunity
- RMB Declines Could See Losses In Target Forwards
More from Asia
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From Asiamoney magazine
- Japan’s Son sets his sights on a US empire
- Asian companies measure up FX hedging options
- Alibaba listing debate puts HKEx’s future in the frame
- Asian currencies: learning to navigate volatile times
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Bookrunners of Asia-Pac (ex-Japan) ECM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|3||Haitong Securities Ltd||2,090.97||7||6.57%|
|4||GF Securities Co Ltd||1,550.07||10||4.87%|
Bookrunners of Asia (ex-Japan) G3 DCM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|4||Bank of America Merrill Lynch||4,090.49||23||7.49%|
Asian polls & awards
Each year ASIAMONEY chooses the standout capital markets transaction from each major country in ex-Japan Asia. In Thailand BTS makes several records with the initial public offering of an infrastructure fund based upon the revenues of the Bangkok SkyTrain.
Each year ASIAMONEY chooses the standout transaction from each major market across Asia ex-Japan. In 2013, Taiwan's semiconductor manufacturing giant conducted a debut foray into the bond market for funding to great acclaim.
Each year we reveal the most impressive individual transaction to have taken place in each major Asian market. In South Korea, the Export-Import Bank of Korea sets a milestone by issuing the first Green bond in Asia ex-Japan, setting a potential benchmark for other environmentally-conscious borrowers.
Each year we reveal the most impressive individual transaction to have taken place in each major Asian market. In Singapore, United Overseas Bank's Basel III-compliant bond offering helps to set a milestone for regional bank capital issuance.
An impressive privatisation sale of state ports, a successful state divestment of railway shares, an airport’s competitive euro-denominated bond debut, the country’s second-largest corporate loan refinancing and its biggest project finance package; some spectacular transactions were executed in Australia in 2013. ASIAMONEY reveals its winners for the year. Ben Power and Richard Morrow report.