Asia Pacific
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Chinese selfie app maker Meitu wrapped up its IPO at the bottom of guidance last week, raising HK$4.9bn ($631.5m) in fresh funds. -
Yingda International Leasing has wrapped up a $250m two year loan with 14 banks joining the syndicate.
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Central China Real Estate has hit the market for a $150m syndicated loan that will go towards refinancing outstanding — and more expensive — bonds.
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Four local government financing vehicles (LGFVs) ventured into the debt market last Friday, raising a combined $615m. The high yield issuers flocked out to take advantage of regulatory approvals that will expire at the end of the year.
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Allen & Overy has hired Wayne Lee as a partner in the Shanghai office, giving a fillip to its M&A and private equity capabilities.
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Hong Kong’s market watchdogs are stepping up enforcement against the misuse of rights issues and open offers that substantially dilute the interests of minority shareholders.
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A busy weekend for Chinese authorities as seven new currencies were named to be traded directly with the renminbi, the dollar fix breaks 6.9 again on Monday, and a clearing bank is appointed in Dubai.
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China's Tewoo Group snapped up $300m Thursday, leveraging off its appeal as an investment grade name with an international presence.
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Property developer Country Garden Holdings has signed a $1.5bn dual currency syndicated loan for general corporate purposes, including prepayment of debt.
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Two firms with Asian links canned their US floats this week, with InnoLight Technology Corp and Ironshore announcing they have dropped their listing plans.
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Chinese e-commerce solutions firm Baozun has raised $73.5m after closing a follow-on placement multiple times covered, despite its stock having a wobbly start to the week.
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Local government financing vehicles from China brought out a parade of deals on Friday, with issuers including those from Jiangsu and Shanxi fighting for investors' attention in the Asia ex-Japan debt capital markets.
