Asia Pacific
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Lanka Orix Leasing Company has tapped two banks to lead its debut offering in the international bond market. The Sri Lankan firm is set to hit the road from Thursday. -
The Indian government has picked three banks to work on its 15% sell down in construction firm NBCC, according to sources.
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The Central American Bank for Economic Integration (Cabei) ventured into Taiwan’s Formosa bond market for the third consecutive year, raising Rmb700m ($105m) from a three year note.
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Electricite du Laos Generation Public Company (EDL Gen), which started bookbuilding for its debut dollar bond in Thailand last Friday, has settled on raising $312m from three tranches, according to a source.
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Sukuk stepped into the spotlight after JP Morgan decided to include Islamic bonds in its EM bond indices, but while eligibility will give the asset class a boost, it will be a while before the product is more broadly used.
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The Specified Undertaking of the Unit Trust of India (Suuti), the government agency looking to sell down its holdings in 51 companies, did the right thing when it recently revised a request for proposals after clashing with potential bidders. But the drama shows that the body should have gotten it right the first time.
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The Singapore Exchange has received the go ahead from its listing advisory committee to allow companies to float using a new structure, in an effort to deepen the city-state’s capital markets.
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Manganese producer Asia Minerals has approached the syndicated loan market for a $61m two tranche borrowing.
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Haikou Meilan International Airport Company launched its inaugural dollar bond on Tuesday, with initial price guidance set in the 5.35% area.
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DBS Bank is all set for its debut additional tier one bank capital offering in dollars, having found solid demand from investors on Tuesday.
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The World Bank has announced the price guidance for its upcoming Mulan bond.
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ING Bank has named Erik Versavel as the new chief representative for Mongolia from September 15 as the former country head takes on a new role at the Dutch lender.
