Asia Pacific
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China New Higher Education Group (CNHE) has raised HK$914.9 ($117.7m) after pricing its IPO near the mid-point of guidance and exercising its greenshoe in full, according to a source close to the deal. -
Korea Expressway Corp joined the flurry of bond launches in Asia on Tuesday, marketing a three year floating rate dollar note.
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Thailand’s B. Grimm Power is likely to launch its $350m-$400m IPO in May due to logistical delays, according to bankers on the trade.
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Asset managers are looking to buy a piece of a $405m loan that is being restructured for Royal Industries, according to bankers on the deal. The Indonesian palm oil seller proposed the restructuring after failing to pay its first and second instalments.
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Khazanah Nasional is sounding out banks for a potential exchangeable sukuk some eight months after it last sold bonds in the format.
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Bank of Communications, which is planning to spin off its investment banking arm BoCom International Holdings, has set the deadline for recording the share entitlement of existing shareholders.
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Bank of China launched its multi-currency, multi-tranche transaction on Tuesday morning, as Citic Securities also opened books for two tranches of dollar notes.
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Asia’s primary DCM market is busy on Tuesday ahead of the long Easter weekend, with Lianyungang Port Group, China Oil and Gas Group, Yida China Holdings and Golden Wheel Tiandi Holdings Company opening books for their respective dollar bonds.
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Kingboard Chemical Holdings is selling a block of shares in Kingboard Laminates Holdings, with the fixed price offering expected to raise HK$1.2bn ($152.5m).
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Oil India is returning to dollar bonds, launching a new 10 year offering on Tuesday morning, with the aim of paying off debt related to its 2016 Russian oilfield acquisitions.
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The Dubai Gold and Commodities Exchange (DGCX) on Sunday announced the launch of a Shanghai Gold futures contract, increasing foreign investors' access to China's bullion market.
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The third largest private sector bank in India, Axis Bank, has provided a $295m loan to Aster DM Healthcare after it failed to alter the terms on a previous loan.
