Bank of America
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Tuesday night's €815m block trade in Abertis shares for Obrascon Huarte Lain, the Spanish construction company, was a daring reopening of equity issuance after the UK's shock vote to leave the European Union. But despite the deal's success, it has been followed by surprisingly poor trading in OHL's shares and bonds.
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Hong Kong’s Securities and Futures Commission (SFC) has censured units of Bank of America Merrill Lynch for failing to disclose dealings in relevant securities in two transactions last year.
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Two vendors within the Hyundai group of companies are looking to exit their holdings in Hyundai Motor Co via a W230bn ($195m) overnight block trade.
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Standard Chartered Bank has hired an executive director for its European corporate DCM team.
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After taking a few days to consider the fallout from Brexit, warehouse developer China Logistics Property Holdings Co has thrown open books for its potential HK$3.4bn ($433.8m) listing.
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Electricité de France has named 16 banks to underwrite its €4bn rights issue, of which €3bn will be bought by the French government.
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Citigroup bulked up parts of its Irish operations last year, in what may have been long term preparation for a potential UK vote to leave the European Union. But other US firms, including Goldman Sachs and Morgan Stanley, continue to rely heavily on their UK subsidiaries to access international markets.
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Swedish sponsor EQT is set to syndicate €1.25bn of loans in July to fund its acquisition of German Bilfinger’s real estate business, in a market that has been led by German and French deals since the Brexit referendum.
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Greentown Service Group has thrown off any concerns about Brexit-induced volatility and kicked off bookbuilding for its potential HK$1.7bn ($220.5m) IPO, with investor response so far being positive, according to a source with direct knowledge of the deal.
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China Resources Pharmaceutical Group and Cofco Meat Holdings are planning to float on Hong Kong’s main board, having filed for approvals from the city’s exchange on Monday.
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Malaysia’s Eco World International, which is planning a $500m IPO, will stick to its timeline for opening books in the third quarter of this year despite the risk of contagion from Brexit.
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India’s Aster DM Healthcare could become the next in a stream of healthcare IPOs in the country as it spies a listing that could raise up to Rp20bn ($294.3m).