Asia Pacific
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Chinese real estate company Kaisa Group Holdings chose to go down the 144A route for its latest bond, raising $400m from a deal that hit the higher end of its size expectations. -
Sumitomo Mitsui Banking Corp is arranging non-deal roadshows for Indonesian car rental service provider CSM Corporatama.
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China Construction Bank returned to the international bond market on Tuesday, turning to dollar and euro investors with two separately-executed deals worth a combined $1.551 billion.
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Vedanta Resources has made a quick loan comeback for a $500m borrowing.
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India oil refining and petrochemical company HPCL-Mittal Energy found support for its $300m bond sale on Tuesday, after offering investors a generous premium.
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Chinese online education platform Youdao has launched bookbuilding for its New York Stock Exchange listing, eyeing up to $100.8m from the deal.
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Genius Auto Finance will come back to the Chinese auto loan ABS market for a Rmb4bn ($564m) trade next week. That is the same size as its last deal, but the originator will scrap the mezzanine tranche this time around.
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Hong Kong’s stock exchange has hired former employee Bonnie Y Chan as its new head of listing. She will start next year.
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Argenta Spaarbank and Sumitomo Mitsui Financial Group were both marketing senior bonds on Tuesday, making use of the favourable backdrop in the primary market. While Sumitomo was quick to build demand for its bond, Argenta struggled to gather enough demand volume to move the spread from price thoughts.
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Despite the political upheaval following its 2018 political revolution, Armenia has launched an aggressive and wide-ranging series of reforms that, if carried through successfully, should propel the economy to a new level
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Armenia’s restrictions on lending are starting to pay off, as its banks are able to lend effectively to the country’s burgeoning private sector and so help drive economic growth
