Citi
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Frasers Centrepoint has covered its potential S$903m ($663.3m) Singapore real estate investment trust IPO after the first day of bookbuilding, according to a source close to the deal. -
Panama’s Global Bank Corp has upped the size of its Asia targeted syndicated loan to $135.5m from $104m.
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GlobalCapital is delighted to announce the winners of its Americas Derivatives Awards for 2016. The results were revealed at a gala dinner at New York’s Metropolitan Club on June 2. Thank you to everyone who supported the event by attending and for taking part in the pitches that decided who were the best and brightest in US, Canadian and Latin American derivatives over the last 12 months.
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Aetna proved the resilience of the dollar market by printing a $13bn M&A trade with no new issue premium on Thursday, coming just days after the busiest ever month for US high grade bond issuance in May.
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Property developer Frasers Centrepoint has launched bookbuilding for the IPO of a Singapore real estate investment trust backed by its Australian properties, with the deal set to raise up to S$903m ($655.8m).
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The popularity of China’s marquee technology firms is showing no signs of abating, with both Tencent Holdings and Baidu increasing the size of their borrowings following bumper responses.
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South Korea’s KT Corp is preparing for a dollar bond in the second half of the year, having selected four banks to work on the trade.
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The race is on for India’s first insurance IPO as ICICI Prudential Life Insurance lines up banks for its up to $400m float.
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Cemex Holdings Philippines has begun gauging investor interest in its IPO, which could raise up to $500m, sources close to the deal told GlobalCapital Asia.
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Veneto Banca’s IPO bookbuild will begin on June 8, but hopes of it achieving its flotation in Milan are dim. “At the bottom of the price range, there are cheaper Italian banks,” said one banker on the deal, encapsulating the problem.
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The wave of rights issues and capital raisings in the market this summer is so far going smoothly, with good news this week for Banco Popular Español, as its shares and rights perked up in trading.
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