Meituan, a Chinese food delivery company, raised $10bn this week from a combined equity placement and convertible bond issue. Investors flocked to the deal for the investment grade rating and the offer of a highly liquid and volatile stock. Jonathan Breen reports.
Three Chinese corporate borrowers raised a combined $757m from the offshore bond market on Wednesday.
China Gas Holdings fell by more than 11% on Thursday after it raised HK$11.66bn ($1.5bn) from the sale of new shares through a top-up placement.
Schrantz steps up for Citi in HK — Goldman appoints China IBD co-head – Natixis adds to global markets – GS hires for southeast Asia FIG – Citi to grow Apac WM
Citi has named Alex Schrantz as head of banking, capital markets and advisory (BCMA) for Hong Kong.
China Gas Holdings has kicked off a top-up share placement, eyeing up to HK$12.05bn ($1.55bn), according to terms seen by GlobalCapital Asia.
Chinese financial technology platform Futu Holdings has raised $1.24bn from a follow-on offering of its American depository shares (ADS). The issuer was able to navigate volatile markets thanks to support from a large global fund.
Three Chinese corporate borrowers raised a combined $757m from the offshore bond market on Wednesday.
Meituan, a Chinese food delivery company, raised $10bn this week from a combined equity placement and convertible bond issue. Investors flocked to the deal for the investment grade rating and the offer of a highly liquid and volatile stock. Jonathan Breen reports.
China National Chemical Corp (ChemChina) is raising multiple bilateral loans worth about $3.85bn to refinance a deal maturing in early May, ditching syndication in favour of one-on-one agreements with banks. But while the cost benefits may be appealing, such an approach by borrowers is unlikely to be sustainable in the longer run. Pan Yue reports.
Meituan, a Chinese food delivery company, raised $10bn this week from a combined equity placement and convertible bond issue. Investors flocked to the deal for the investment grade rating and the offer of a highly liquid and volatile stock. Jonathan Breen reports.
China-based Herald International Financial Leasing Co, a unit of BMW Group, has returned to the onshore securitization market. It switched to a straightforward two-tranche structure for the Rmb3bn ($461m) auto lease asset backed notes (ABN), pricing the senior tranche at a competitive spread.
Schrantz steps up for Citi in HK — Goldman appoints China IBD co-head – Natixis adds to global markets – GS hires for southeast Asia FIG – Citi to grow Apac WM
It was the best of wines, it was the worst of wines. It was the age of Riesling, it was the age of cheap plonk from 7/11. It was the epoch of belief, it was the epoch of incredulity that anyone would charge you that much for something that tasted like Lambrini.
GC
