Asia Pacific
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Samruk-Kazyna, the Kazakh sovereign wealth fund, raised $206.7m on Tuesday night through a share placing in Kazatomprom, the country’s state uranium company. Emerging markets investors, who have been lacking new paper during the coronavirus crisis, lapped up the shares. -
Indonesian telecommunications company Tiphone Mobile is restructuring its debt after failing to make payments on an offshore borrowing in March.
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Hongkong Electric skipped a roadshow for its return to the dollar bond market after a four-year hiatus, relying on its rarity value and the defensive nature of the utilities sector to raise $500m.
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China Pacific Insurance (Group) Co has won approval from the mainland securities regulator to move ahead with its stock offering on the London Stock Exchange.
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China has opened an asset-backed commercial paper market, announcing new regulations and three trial deals that will be priced by the end of the week.
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Casino developer Sands China paid no new issue premium for its $1.5bn bond on Tuesday, despite the effects of the Covid-19 pandemic on the gaming industry.
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Cambricon Technologies Corp is one step closer to debuting on China’s technology-focused Star Board, having received the go-ahead from the bourse in just over two months.
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Online casino gaming company DoubleDown Interactive is planning a Nasdaq IPO, the first by a South Korean company in nearly a decade.
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Greentown Service Group, a Chinese property manager, pocketed HK$2.71bn ($350.2m) on Tuesday after increasing the size of a primary share placement.
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The Central American Bank for Economic Integration (Cabei) is set to price a senior unsecured Formosa bond on Wednesday after tightening price discussions.
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The meat, dairy and fish industries are harbouring grave risks of causing future pandemics, and must radically improve their safety procedures, according to an investor coalition which controls $21tr of assets.
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About $570m will be flowing into EM corporate green bonds in the next few months, after HSBC Global Asset Management and the International Finance Corp reached a third close on the fund they have set up to invest in them.
