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Three Chinese real estate developers came to the bond market on Tuesday, raising a combined $1.25bn.
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Philippine company SMC Global Power Holdings Corp has priced its second senior perpetual bond of the year, raising $500m from a four times covered deal at a yield that met the issuer’s target.
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Emre Eler is joining Citi, after nearly two decades at JP Morgan.
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Meinian Onehealth Healthcare Holdings Co’s only offshore bond rocketed in the secondary market after Chinese technology giant Alibaba Group Holding became its second largest shareholder.
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New World Development Co reopened a perpetual bond from earlier this year that came with an aggressive fixed-for-life structure. It raised an additional $400m ahead of yet another widely-anticipated Federal Reserve interest rate cut this week.
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Shanghai Pudong Development Bank Co priced a $300m floating rate note (FRN) at just a marginal premium over the curve of the big four Chinese lenders.