Citi
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Lenders in the $260m syndicated loan for Kaz Minerals have agreed to waive the net debt to Ebitda covenant in the deal for another year as lower copper prices weigh on earnings for the Kazakh mining firm. -
BOC Aviation has used the full greenshoe on its latest dual-tranche fundraising, wrapping it up at $1.5bn to mark its single largest financing.
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US glass container manufacturer OI on Thursday added its deal, a loan-to-bond refinancing, to a high yield market scoreboard already loaded with another seven offerings.
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Japan’s Nippon Steel & Sumitomo Metal Corp has raised W177bn ($154.6m) from the sale of some of its shares in Posco — the third sell-down of its stake in the South Korean steelmaker this year.
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Hong Kong-listed Li & Fung attracted $4.4bn in orders for its subordinated fixed-for-life perpetual on Thursday. The $650m deal’s success came despite Asia-ex Japan primary markets being extremely competitive with six other live deals.
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Samsung BioLogics Co has priced its IPO at the top on the back of a surge in chunky orders, raising W2.25tr ($2.0bn) in South Korea's largest float since 2010.
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Bank of China is gearing up for another milestone as it starts marketing China’s first green covered bond. While the structure of the dual recourse notes is unlikely to appeal to traditional covered bond investors, the trade underpins Beijing’s commitment to lead innovation in socially responsible financing. Lorraine Cushnie reports.
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Chinese logistics company ZTO Express priced its $1.4bn IPO on the New York Stock Exchange on Wednesday, marking the largest float from a Mainland firm in the US since 2014. And its successful listing is expected to boost the number of Chinese firms heading to the United States, writes Jonathan Breen.
