Asia Pacific
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Indian textbook publisher S Chand and Co has sealed its Rp7.3bn ($113.7m) IPO 59.5 times subscribed after a burst of demand on the last day of bookbuilding. -
Quam Financial Services Group, an arm of Mainland conglomerate China Oceanwide Holdings, is seeking shareholder approval for a HK$5.1bn ($659.8m) rights issue.
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Chinese company Avic Leasing has hit the loan market for a $150m fresh money loan with one bank at the helm.
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Citic CLSA Securities has appointed Andrew Low as global head of M&A, as Nathan McMurtray joins the firm from Deutsche Bank, according to sources familiar with the matter.
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In this round-up of news you may have missed over the long weekend, forex transactions amount to Rmb14.18tr ($2.06tr) in March, China’s manufacturing PMI disappoints analysts, and renminbi deposits in Hong Kong continue to fall in March.
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China Minsheng Banking Corp’s Hong Kong branch sealed a $500m three year fixed rate bond on Thursday — the only FIG issuer in Asia DCM on the day. Market participants reckon the spread was too tight when compared to the secondary levels of China’s big four banks.
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GlobalCapital understands that the Asian Infrastructure Investment Bank has appointed a head of funding.
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Chinese president Xi Jinping orders authorities to take action to prevent financial risk, Volkswagen Financial Services’ China arm issues its second renminbi-denominated bond, and the UK reaffirms its status as the biggest centre for RMB FX trading.
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State-owned Vietnam National Shipping Lines is preparing to launch an IPO by the end of 2017, according to an announcement on its website.
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Shareholders of Sarana Menara Nusantara raised Rph5.4tr ($405.2m) from a re-IPO of the Indonesian company, selling the stock at the bottom of indications.
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Hong Kong-listed Logan Property has sealed a $150m three year loan from three banks, and will use the money to repay debt.
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China Everbright Greentech wrapped up its IPO on Thursday evening, pricing below the mid point of guidance to net HK$3.0bn ($385.6m), according to a source close to the deal.
