Citi
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Morgan Stanley’s private equity arm is selling shares in South Korea’s Hyundai Rotem for the third time this year, aiming to raise W220bn ($200m) with the latest deal.
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Chinese education firm Puxin's $166m New York Stock Exchange IPO was covered by demand from Asian investors alone on the first day of bookbuilding.
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China Construction Bank Corp’s Hong Kong branch made an unusual Friday outing into the bond market, adding $1.5bn to its coffers from two tranches of floating rate notes.
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Investors flocked to Korea Western Power Co’s (Kowepo) $300m bond issuance on Thursday, finding a safe haven in the government supported credit.
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Jitters around Italy’s political turmoil made its way to Asia’s bond and stock markets on Wednesday, forcing debt capital markets bankers in the region to hit the pause button on deals.
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Nasdaq-listed GDS Holdings has opened books for its debut equity-linked transaction worth up to $300m, offering investors an unusual seven year tenor and non-call life feature.
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French car company Groupe PSA has amended its €3bn revolving credit facility, stretching out the maturity out by five years.
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Singapore’s Mapletree Logistics Trust raised S$220m ($164m) from a primary offering after pricing the units at the best end of terms for the issuer.
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The political manoeuvrings in Italy’s path to being governed — as well as poor eurozone economic data — played havoc with rates this week, leading to SSA deals either paying higher new issue concessions, or falling short of subscription. More volatility could come, after the country’s president approved the likely coalition partners’ choice of prime minister but held back from appointing a eurosceptic economist to take charge of the country’s economy. Craig McGlashan reports.
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Vodafone was welcomed with open arms in the US as it printed the biggest dollar bond in its history, executing a quick fire acquisition financing.
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Dexia Crédit Local scored what leads said was a good result on Thursday as it brought a trade at the upper end of its size plans and tightened pricing during another volatile day for eurozone rates. KfW was also out in euros, with a tap, although it appeared to be more of a slow burner.
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Banks have called for more regulation to create a global protocol to address cyber security attacks.