Asia Pacific
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West China Cement, a Hong Kong-listed cement maker, has returned to the loan market after 11 years, seeking a $150m deal. -
Chinese real estate companies Logan Property Holdings Co and Times China Holdings managed to aggressively tighten a pair of $400m four year callable bonds this week.
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Vietnamese property developer Novaland Investment Joint Stock Co is making its loan market debut with a $250m facility.
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After raising Rmb5.5bn ($799m) from its largest auto loan ABS deal in March, BMW’s Chinese auto finance arm is returning for more. The planned Rmb8bn deal will hit the market on July 16.
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Haitong International Securities Group sold $700m of seven year notes on Tuesday, tightening pricing by 30bp during bookbuild.
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Private education provider Edvantage Group has priced its well-oversubscribed Hong Kong IPO in the middle of the price range, raking in HK$712.5m ($91.2m).
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China National Bluestar (Group) Co made a comeback to the offshore bond market on Tuesday, pricing a $700m deal inside fair value.
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Citi has appointed James Teo as head of natural resources investment banking for Asia, according to a memo seen by GlobalCapital Asia.
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Korea Gas Corp (KoGas) became the first South Korean corporate to sell 10 year sustainability bonds on Tuesday, raising $500m. The country’s issuers are leading the way across Asia in selling environmental, social and governance debt.
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Thai natural rubber company Sri Trang Agro Industry approved a spin-off of its gloves production unit at a board of directors meeting this week.
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The Australian Prudential Regulation Authority said on Tuesday that Australia’s largest banks would have to use tier two capital to meet their requirements for loss-absorbing debt capacity. But the new targets will start off lower than previously proposed.
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Beijing-based PapayaMobile, a mobile advertising company, this week became the first candidate to back out of its application to list on the Star market. The Shanghai Stock Exchange (SSE) questioned the level of advancement of the firm’s core technologies and its accuracy of disclosure.
