Asia Pacific
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Chinese local government financing vehicle Chenzhou Industry Investment Group sold a euro-denominated bond on Thursday, rounding out a week of club-like deals in Asia. -
Singapore’s flag carrier is planning to raise S$8.8bn ($6.16bn) from a concurrent rights issue and sale of convertible bonds to help stem crippling losses driven by the Covid-19 coronavirus.
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Dear reader, These are extraordinary times for global capital markets as the world reels from the spread of Covid-19.
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Circuit breakers were triggered on stock exchanges across Asia this week as the coronavirus pandemic caused extreme volatility. But following the shocks, the effectiveness of circuit breakers has been called into question. Jonathan Breen reports.
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Asian borrowers should ready themselves for tighter covenants on their loans once the Covid-19 outbreak is brought under control, multiple senior loans bankers told GlobalCapital Asia this week. A much-needed price correction may also be coming, writes Rashmi Kumar.
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Chinese bond issuers are confronting a chaotic market at the moment: onshore yields for state-owned enterprises have fallen to historic lows, offshore yields have ballooned and more than 50 issuers have been forced to cancel deals this month. Rebecca Feng and Addison Gong report.
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International rating agencies have announced a slew of ratings downgrades or outlook changes for Asian companies as the Covid-19 outbreak puts pressure on their refinancing abilities. But DCM bankers and investors are expecting some good to come from these rapid changes. Morgan Davis reports.
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An Ke Technology Co, a subsidiary of Chinese conglomerate Ping An Group, is in the market seeking a $300m three year loan.
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Chinese property developer Radiance Holdings (Group) Co is getting ready to speak to potential investors for its Hong Kong IPO.
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Chinese local government financing vehicle Taizhou Xinbinjiang Development Co navigated the volatile markets by opting for a club-style $219m international bond issuance.
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New Hope Dairy, a Shenzhen-listed dairy farm owner and operator, is aiming to raise $102m from the loan market.
