Credit Suisse
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Malaysian conglomerate MMC Corp is relisting its power arm, Malakoff Corp, in an IPO that could fetch over $1bn. The deal sets the stage for a showdown between two jumbo Malaysian listings of energy companies in the first half of 2015.
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Chinese property developers are making the most of the bullish sentiment following China’s recent interest rate cut, with Logan Property Holdings and Yuzhou Properties Company pricing bonds this week.
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Keppel Telecommunications & Transportation is set to price its S$513m ($393.8m) real estate investment trust at the top end of the price range, with institutional books more than comfortably covered, according to bankers.
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Chinese online travel booking company Tuniu Corp, which counts Ctrip Investment Holdings and Qihoo 360 Technology as some of its shareholders, is eyeing a $100m follow-on offering before the end of the year.
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China’s largest nuclear power producer, CGN Power, has priced its IPO at the top of its range to raise HK$24.5bn ($3.2bn), thanks to overwhelming demand from institutional and retail investors. But final allocations have proved a challenge, with some bankers complaining about the lack of transparency.
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Sunac China Holdings joined the procession of Chinese property companies that have come to the market since China cut borrowing rates. The company raised $400m from a five non call three year bond on December 2.
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French supermarket group Groupe Casino priced a €650m ($514.37m) 10.2 year bond on Tuesday, its third issue of the year. But its credit spreads have widened a little since its last deal on July 30.
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Spectrum Brands, the US consumer products conglomerate, is holding a lender call today for the €150m loan portion of a €400m-equivalent debt bundle that it will use for acquisitions and general corporate purposes.
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Chinese hotpot chain Xiabuxiabu Catering Management Holdings has started taking orders for its HK$1.13bn ($146m) IPO, with the company being pitched at a discount to its peers.
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CGN Power has closed books a day earlier than scheduled after seeing massive oversubscription for its HK24.52bn ($3.16bn) IPO, with pricing now likely to be done overnight.
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Chinese property developers are making the most of the bullish sentiment following the recent post-rate cut to price dollar bonds.
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Altice made a firm step towards adding to its European telecoms portfolio on Sunday, when Brazilian telco Oi accepted a raised €7.4bn offer from the French company for the Portuguese assets of Portugal Telecom.