China International Capital Corp Ltd top stories

• Embattled Tewoo announces exchange, tender results

  

  Chinese state-owned commodities trader Tewoo Group has announced the final results of its offshore debt restructuring, with investors accepting losses on their principals or facing delayed repayments up to 2039.

  • 12 Dec 2019

• Beijing Capital Land plans $362m rights issue

  Beijing Capital Land has set the ball rolling for a three tranche rights issue, eyeing around $361.5m from a deal combining its offshore and domestic shares.

  • 10 Dec 2019

• Venus Medtech prices HK IPO high, nabs $331m

  Venus Medtech (Hangzhou), a Chinese biotechnology company, has wrapped up its Hong Kong IPO at the top end of guidance, raking in HK$2.6bn ($311.1m).

  • 10 Dec 2019

• JS Global Lifestyle has second go at HK IPO

  JS Global Lifestyle Co, a Hong Kong-based small appliance manufacturer, has started taking orders for its second attempt at a listing, launching bookbuilding on Monday at a fixed price.

  • 09 Dec 2019

• Kunming Rail debuts strong with dual-tranche bonds

  Chinese local government financing vehicle (LGFV) Kunming Rail Transit Group Co made its inaugural appearance in the dollar market on Thursday, raising $500m after a large price tightening.

  • 06 Dec 2019

• BoCom Leasing takes $600m as FRNs still hold appeal

  Bank of Communications Financial Leasing Co bagged $600m from a floating rate note (FRN), taking advantage of a strong preference from investors for a floating rate format compared to fixed.

  • 04 Dec 2019

• China returns to dollar bonds with $6bn mega-deal

  China deepened its dollar debt curve on Tuesday with a $6bn jumbo bond. With its biggest dollar deal yet, the sovereign has set a new benchmark for issuers from the country.

  • 27 Nov 2019

• Venus Medtech launches $331m Hong Kong IPO roadshow

  Biotechnology company Venus Medtech (Hangzhou) has kicked off bookbuilding for its Hong Kong listing, eyeing a HK$13bn ($1.66bn) valuation.

  • 26 Nov 2019

• CSCI follows SOE peers to price tight perp

  Chinese government-owned China State Construction International Holdings (CSCI) raised $500m from a subordinated perpetual bond, after investors put in orders that covered the transaction by more than 10 times at the peak.

  • 26 Nov 2019

• Cash-strapped Tewoo pursues dollar exchange, tender offers

  Troubled Chinese commodities trader Tewoo Group has revealed its plan to exchange or purchase for cash $1.25bn of outstanding offshore bonds, just days after getting funds from Industrial and Commercial Bank of China (ICBC) to make an imminent coupon payment.

  • 25 Nov 2019