Asia Pacific
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Vivat NV has mandated banks for a perpetual non-call five dollar deal with an expected rating of BB by Fitch Ratings. -
Chinese online peer-to-peer lending platform PPDAI Group has launched bookbuilding for an IPO of American Depository Shares.
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Standard Chartered has added a debt capital markets banker with over 10 years of experience to its team in Hong Kong, bolstering the Greater China business.
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Chinese listings in the US are continuing at a breakneck pace, with three more companies hitting the road this week. But a recent plummet in the price of freshly-listed micro-lender Qudian shows investors will need to hold their nerves.
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Yixin Group is pre-marketing a Hong Kong IPO to raise between $700m to $800m. The bookbuild is set to start next week.
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China Jinmao Holdings Group priced its third perpetual bond of the year on Monday, raising $300m from a subordinated deal that will mainly be used to repay bank loans.
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Chandra Asri Petrochemical reeled in investors on Monday with its new dollar bond. The issuer offered some value compared with its peers, but still managed to grab itself a snug price.
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Investors cheered Hon Hai Precision Industry Co’s first convertible bond (CB) issue in seven years this week, cramming in $3bn of orders into the $500m deal. That pent-up demand, along with the Taiwanese iPhone parts maker’s own strong equity and credit, meant it could get away with aggressive terms. John Loh writes.
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A group of four lenders has joined a $300m loan for China Modern Dairy during general syndication. The newcomers were not scaled back from their initial commitments.
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Chinese steel maker Shougang Group has turned its attention to the offshore loan market, sending an invitation for an up to $300m financing a month, after nabbing $400m from bond investors.
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India’s Mahindra Logistics attracted 15 anchor investors before opening the order book for its Rp8.3bn ($128.1m) IPO on Tuesday.
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CNQC International Holdings, a Hong Kong-based property developer and contractor, has opened the order book for a Singapore dollar bond. The company is approaching investors after bumper first-half profits.
