Citi
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UNV Digital Technologies is expected to seek listing approval from the Hong Kong Stock Exchange this Thursday and start pre-marketing its $150m IPO on November 16. -
Wenzhou Kangning Hospital opened bookbuilding for its HK$681m ($88m) listing on Monday, following in the footsteps of Dali Foods Group by placing out stock to just a few cornerstone investors.
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Industrial and Commercial Bank of China New York has wrapped up its second offshore bond, sealing $1bn on November 5. But while Asian interest was strong, the issuer’s aggressive pricing tactic meant demand from US investors was lacklustre.
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It was hardly back with a bang, but Latin American corporate issuance is on the agenda again after Fibra Terrafina sold $425m of seven year notes on Tuesday — some two months after its roadshow.
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Six borrowers raised nearly €5bn in the covered bond market this week, once again surpassing supply expectations. The star attraction, notable for both its size and tenor, was a €1.5bn three year from the Norwegian issuer, Sparebank 1 Boligkreditt.
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RCI Banque, the finance subsidiary of Renault, kept the car industry's bond market revival going, by issuing a €500m no-grow bond on Thursday.
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Georgia Healthcare Group, Helios Towers Nigeria and Citadele Banka, three emerging market businesses now building books for London IPOs, are having to reckon with difficult market conditions.
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BorgWarner, the US car engine and drivetrain maker, furthered the return of reverse Yankee bonds to Europe's corporate market on Monday, by issuing a €500m seven year no-grow deal.
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RCI Banque, the finance subsidiary of Renault, has kept the car industry's bond market revival going, by issuing a €500m no-grow bond today.
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In a departure from recent tactics, the Export-Import Bank of Korea (Kexim) launched its most recent bond with a generous price guidance. But the gamble paid off as the borrower attracted a record order book and got away with paying only a small concession.
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InterGlobe Aviation and SH Kelkar & Co have found huge success with their respective Indian IPOs, with all books multiple times covered by a flood of investors.
