Asia Pacific
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London-based equity capital markets investors are beginning to wonder whether the trade hostility between China and the US will hurt Hong Kong’s vibrant IPO market and are considering repositioning if it does. -
Hong Kong-based Hang Lung Properties is hitting the Panda bond market for the first time, as it seeks to finance the construction of two shopping malls in the mainland. The issuer says the new buildings will be environmentally friendly, making the Rmb1bn ($150.9m) trade one of the few green Panda deals.
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Xiaomi Corp had an inauspicious start as a publicly-traded company when its shares sank on Monday. But the rapid rebound in its stock price showed that the critics were too quick to pass judgement.
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Kazakhstan’s agricultural holding company KazAgro is conducting a liability management exercise to actively manage its upcoming debt maturities.
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Goldman Sachs has poached Bank of America Merrill Lynch banker Darius Naraghi, a managing director with the firm’s equity capital markets team.
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Indonesian power company Perusahaan Listrik Negara is seeking an up to $2bn debut loan, but has surprised some bankers with the tight pricing on offer.
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Indian business process outsourcing company Aegis has closed a $150m leveraged buyout loan after a seven-month syndication process that attracted only three participants.
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South Korean energy chemical company SK Innovation Co enticed investors with a rare deal on Monday, taking home $500m.
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A shareholder in Korea Aerospace Industries is looking to exit from the company through an overnight bookbuild to raise up to W242bn ($215m).
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State Bank of India is finally courting investors for its maiden green bond, which has been planned for more than a year.
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Fitch upgraded the rating of Mongolia’s long term foreign currency debt to B from B- on Monday, causing the country’s outstanding dollar paper to tighten in the secondary market.
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Chinese peer-to-peer lending platform 51 Credit Card has raised HK$1bn ($128.6m) after pricing its IPO at the bottom of guidance, according to a banker on the deal.
