Asia Pacific
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Bonds issued by the Chinese government and policy lenders saw a strong rally on Thursday after the State Council signalled a cut in banks’ reserve requirement ratio (RRR), a move that could unleash hundreds of billions in renminbi liquidity into the market.
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Baker McKenzie has hired capital markets and M&A partner Victoria Lloyd in Hong Kong. -
Kakao Bank, an online-only South Korean bank, has begun bookbuilding for its up to W2.55tr ($2.2bn) IPO.
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Chint Solar, a Chinese photovoltaic module supplier, is making its debut in the offshore market for a dual currency green loan.
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Property developer Beijing Capital Development Holding (Group) Co, which is also known as Shoukai Group, was back in the dollar bond market on Thursday after a nearly five year hiatus.
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Shanghai Pharmaceuticals Holding Co has managed to slice the margin and fees on a $500m comeback to the loan market.
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The Republic of Uzbekistan is seeking to capitalise on a successful dual currency bond it sold just months ago, by returning to the bond market to sell a dollar and Uzbek som bond that also includes a sustainable element.
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Sichuan Languang Development Co’s onshore bonds took a beating this week after its domestic rating was downgraded by three Chinese credit rating agencies, with the clock ticking for the repayment of Rmb2.7bn ($417.5m) of maturing and puttable bonds later this month. Addison Gong reports.
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If you are like me, an English football fan living in Hong Kong, it has been a month of cheering, cursing, singing and over-imbibing.
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LinkDoc Technology, a cancer-focused medical data company, has shelved its US IPO just hours before pricing, as Chinese technology stocks recoil from Beijing’s clampdown on overseas listings.
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Indian unicorn Zomato, a food delivery service, has set the final terms for its up to Rp98.9bn ($1.32bn) IPO.
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Xiaomi Corp sold an $800m 10 year bond and a $400m 30 year bond this week amid a difficult market for Chinese bonds and technology companies. But the mobile phone maker's green tranche, as well as its business model, attracted investors and allowed for tight pricing. Morgan Davis reports.
